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Novae Group PLC (LON:NVA) target price lowered to 900.00GBX, reported today by Canaccord Genuity

Just yesterday Novae Group PLC (LON:NVA) traded 1.68% lower at 793.75GBX. The company’s 50-day average is 812.32GBX and its 200-day average is 820.26GBX. With the last stock price down 3.63% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. 217,311 shares of the stock exchanged hands, up from ann avg. volume of 79,676.

In a report announced on Wednesday August 3 2016 Canaccord Genuity lowered the target price of Novae Group PLC (LON:NVA) from 940GBX to 900GBX stating a possible upsideof 0.13%.

On 8/1/2016, Peel Hunt reported about Novae Group PLC(LON:NVA) dropped the target price from 950.00GBX to 920.00GBX. At the time, this indicated a possible upside of 0.13%.

See Graphic Below:

Novae Group PLC (LON:NVA)

Novae Group PLC has a price-earnings of 6 with a one-year low of 726.00GBX and a 52 week high of 905.00GBX. NVA’s total market value is presently 0.0 GBX.

About Novae Group PLC (LON:NVA)

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, and aviation and political risk insurance and reinsurance.

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