Today: The Novae Group Plc’s (NVA) Hold Rating Reiterated at Shore Capital

The Novae Group Plc’s (NVA) Hold Rating Reiterated at Shore Capital

Novae Group Plc (LON:NVA)‘s stock had its “hold” rating reissued by Shore Capital in a research note issued to investors on Wednesday.

Other analysts have also issued research reports about the stock. Peel Hunt restated an “add” rating and set a GBX 950 ($12.40) target price on shares of Novae Group Plc in a research report on Friday, June 24th. Canaccord Genuity decreased their price target on shares of Novae Group Plc from GBX 940 ($12.27) to GBX 900 ($11.75) and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Finally, Macquarie lifted their price target on shares of Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the company an “outperform” rating in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 903.14 ($11.79).

Novae Group Plc (LON:NVA) opened at 811.00 on Wednesday. The company has a 50-day moving average price of GBX 800.07 and a 200-day moving average price of GBX 814.92. The firm’s market capitalization is GBX 509.30 million. Novae Group Plc has a 12-month low of GBX 726.00 and a 12-month high of GBX 903.34.

The business also recently disclosed a dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 1st were given a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Thursday, September 1st.

In related news, insider Reeken Patel acquired 60 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average cost of GBX 768 ($10.02) per share, with a total value of £460.80 ($601.49). Also, insider Fry,Charles acquired 57 shares of the stock in a transaction that occurred on Monday, September 5th. The shares were bought at an average cost of GBX 813 ($10.61) per share, for a total transaction of £463.41 ($604.89).

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