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NN Group (OTCMKTS:NNGRY) Given Average Rating of "Moderate Buy" by Brokerages

Defense World ·  12/16/2022 14:22

NN Group (OTCMKTS:NNGRY) has earned a consensus rating of "Moderate Buy" from the nine analysts that are  covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to  the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $52.15.

A number of brokerages have recently issued reports on NNGRY. Cheuvreux cut NN Group from a "buy" rating to a "hold" rating and set a €45.00 ($47.37) target price for the company. in a report on Friday, September 9th. Credit Suisse Group upped their price target on NN Group from €56.50 ($59.47) to €59.80 ($62.95) in a report on Thursday, September 8th. The Goldman Sachs Group initiated coverage on NN Group in a report on Monday. They issued a "buy" rating for the company. Morgan Stanley increased their target price on NN Group from €50.60 ($53.26) to €53.80 ($56.63) and gave the company an "overweight" rating in a research note on Tuesday, September 27th. Finally, JPMorgan Chase & Co. upped their price target on NN Group from €47.00 ($49.47) to €50.00 ($52.63) and gave the company a "neutral" rating in a research report on Tuesday, November 15th.

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NN Group Stock Down 1.1 %

OTCMKTS NNGRY opened at $21.78 on Friday. NN Group has a 12 month low of $18.77 and a 12 month high of $30.17. The company has a 50-day moving average of $21.17 and a 200-day moving average of $21.67.

NN Group Company Profile

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NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers group and individual life insurance, and pension products; non-life insurance products, including motor, fire, liability, transport, travel, and disability and accident insurance; employee benefits, and health insurance products; corporate-owned life insurance products; and single premium variable annuity individual life insurance products.

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