NN Group (OTCMKTS:NNGRY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of NN Group (OTCMKTS:NNGRY – Get Rating) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $50.92.

NNGRY has been the topic of several recent research reports. The Goldman Sachs Group started coverage on NN Group in a research report on Monday, December 12th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft lowered shares of NN Group from a “buy” rating to a “hold” rating and cut their price target for the company from €47.00 ($50.00) to €46.00 ($48.94) in a research report on Tuesday, January 10th. Berenberg Bank lowered shares of NN Group from a “buy” rating to a “hold” rating in a report on Monday, December 19th. JPMorgan Chase & Co. boosted their price target on NN Group from €47.00 ($50.00) to €50.00 ($53.19) and gave the company a “neutral” rating in a report on Tuesday, November 15th. Finally, HSBC downgraded shares of NN Group from a “buy” rating to a “hold” rating in a research note on Friday, January 13th.

NN Group Trading Down 1.5 %

OTCMKTS NNGRY opened at $20.15 on Wednesday. NN Group has a 1 year low of $18.77 and a 1 year high of $27.15. The company has a fifty day moving average price of $21.20 and a 200-day moving average price of $20.96.

About NN Group

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NN Group NV engages in the provision of financial services. It operates through the following segments: Netherlands Life, Netherlands Non-Life, Insurance Europe, Japan Life, Banking, and Others. The Netherlands Life segment offers a range of group life and individual life insurance products. The Netherlands Non-Life segment covers non-life insurance products such as disability and accident, fire, motor, and transport.