Novae Group Plc Increases Again; Strong Momentum for Buyers

 Novae Group Plc Increases Again; Strong Momentum for Buyers

The stock of Novae Group Plc (LON:NVA) is a huge mover today! The stock decreased 0.62% or GBX 5 on November 8, hitting GBX 805. About 25,727 shares traded hands. Novae Group Plc (LON:NVA) has declined 7.59% since April 8, 2016 and is downtrending. It has underperformed by 9.54% the S&P500.
The move comes after 7 months positive chart setup for the GBX 518.63M company. It was reported on Nov, 8 by Barchart.com. We have GBX 990.15 PT which if reached, will make LON:NVA worth GBX 119.28M more.

Novae Group Plc (LON:NVA) Ratings Coverage

Out of 9 analysts covering Novae Group PLC (LON:NVA), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Novae Group PLC has been the topic of 44 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Shore Capital maintained the stock with “Hold” rating in Wednesday, October 5 report. The company was maintained on Wednesday, August 5 by Wood. The firm has “Outperform” rating given on Thursday, March 10 by RBC Capital Markets. The stock has “Buy” rating given by Canaccord Genuity on Thursday, January 14. As per Thursday, October 6, the company rating was maintained by Peel Hunt. Canaccord Genuity maintained the stock with “Buy” rating in Friday, January 29 report. The stock of Novae Group Plc (LON:NVA) earned “Add” rating by Peel Hunt on Monday, December 7. Canaccord Genuity maintained Novae Group Plc (LON:NVA) on Wednesday, August 5 with “Buy” rating. The rating was maintained by Peel Hunt on Thursday, September 22 with “Add”. The rating was maintained by Canaccord Genuity with “Buy” on Monday, October 10.

Novae Group plc is a United Kingdom holding company. The company has a market cap of 518.63 million GBP. The Firm is engaged in a diversified property and casualty insurance business. It has a 5.68 P/E ratio. The Firm operates in three divisions: Property; Casualty, and Marine, Aviation & Political Risk (MAP).

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