Macquarie reissued their outperform rating on shares of Novae Group Plc (LON:NVA) in a research note issued to investors on Monday morning. Macquarie currently has a GBX 729 ($9.18) target price on the stock.

Several other equities analysts also recently weighed in on the company. Shore Capital reissued a buy rating on shares of Novae Group Plc in a research report on Monday, February 27th. Peel Hunt cut their target price on Novae Group Plc from GBX 745 ($9.38) to GBX 710 ($8.94) and set an add rating on the stock in a research report on Friday, March 3rd. Numis Securities Ltd cut their price objective on Novae Group Plc from GBX 970 ($12.21) to GBX 835 ($10.51) and set a buy rating on the stock in a research report on Tuesday, December 20th. Finally, Stockdale Securities raised Novae Group Plc to an add rating and cut their price objective for the company from GBX 780 ($9.82) to GBX 760 ($9.57) in a research report on Tuesday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of GBX 786.80 ($9.90).

Novae Group Plc (LON:NVA) opened at 625.50 on Monday. The firm has a 50-day moving average of GBX 627.89 and a 200 day moving average of GBX 700.48. Novae Group Plc has a 12-month low of GBX 562.10 and a 12-month high of GBX 858.00. The company’s market capitalization is GBX 390.74 million.

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The company also recently announced a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, April 20th will be issued a GBX 7.50 ($0.09) dividend. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, April 20th.

In other news, insider Matthew K. Fosh bought 72 shares of the stock in a transaction on Monday, April 3rd. The stock was acquired at an average cost of GBX 630 ($7.93) per share, for a total transaction of £453.60 ($570.93). Also, insider Reeken Patel bought 69 shares of the stock in a transaction on Friday, February 3rd. The stock was purchased at an average price of GBX 639 ($8.04) per share, with a total value of £440.91 ($554.95). Insiders acquired a total of 16,356 shares of company stock valued at $10,262,058 over the last quarter.

Novae Group Plc Company Profile

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.

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