Shares Of Novae Group PLC (LON:NVA) Rated As Add By Analysts At Peel Hunt

According to an update released by analysts at Peel Hunt the broker has now set a ‘Add’ rating on shares of Novae Group PLC (LON:NVA) with a price target of 920.

Peel Hunt on Thursday reiterated Novae Group PLC’s analyst rating as ‘Add’ with its price target of 920 highlighting a potential increase of 14.78% from Novae Group PLC’s current price of 801.5.

LON:NVA

Over the last twelve months Novae Group PLC’s stock price has decreased from 860.46 to 801.5, a change of -6.85%.

Novae Group PLC has 62,799,000 shares in issue which have a share price of 801.5 giving Novae Group PLC a market capitalisation of 503.33M GBp.

The company has a 50 day moving average of 812.75 and a 200 day moving average of 820.67. The 52 week high shares of Novae Group PLC have reached is 905 whilst the 52 week low for the company’s shares is 726.

Novae Group plc is a United Kingdom-based holding company. The Company is engaged in a diversified property and casualty (re)insurance business. The Company operates in three segments: Property; Casualty, and Marine, Aviation & Political Risk (MAP). The Property segment comprises approximately 10 underwriting units. The Property segment underwrites a diverse mix of risks across the world with a focus on the United States, the United Kingdom and Europe. The Casualty segment insures a range of specialty liability, general liability, and motor and casualty reinsurance risks. It underwrites Casualty reinsurance covering non-proportional treaty reinsurance across a number of classes and territories, and includes a book of motor reinsurance business centered on the United Kingdom market. The MAP segment offers services across both insurance and reinsurance classes. It offers services across marine, aviation and political risk insurance and reinsurance.