Shares of NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) have garnered a consensus recommendation of “Hold” from eight analysts covering the company, according to data from MarketBeat. The analysis reveals a diverse range of opinions on the stock’s future performance, highlighting the varying outlooks among financial experts.
Of the analysts, one has issued a sell recommendation, while five analysts have opted for a hold rating. Additionally, one analyst has rated the stock as a buy, and another has assigned it a strong buy recommendation. These varying assessments reflect the complexity of NN Group’s current market position.
Recent Analyst Ratings
Several research firms have recently weighed in on NN Group, contributing to the mixed recommendations. On August 12, 2023, Zacks Research raised its rating for NN Group to “Hold,” indicating a neutral outlook. Just a day earlier, on August 11, Kepler Capital Markets upgraded NN Group from a “Strong Sell” to a “Hold” rating, suggesting improved confidence in the company’s performance.
On the same day as Zacks Research’s report, UBS Group downgraded its recommendation from “Strong Buy” to “Hold”. This shift demonstrates a cautious approach as the analysts reassess the stock’s potential growth trajectory. Conversely, Keefe, Bruyette & Woods raised its rating from “Hold” to “Moderate Buy” in a report released on November 10, 2023, signaling a more optimistic view on the stock’s prospects.
Adding to the positive sentiment, Cfra Research also elevated its rating to “Moderate Buy” on August 8, 2023, reinforcing the notion that some analysts see potential in NN Group.
Company Overview
NN Group N.V. is a financial services provider that offers both life and non-life insurance products across the Netherlands and internationally. The company operates through multiple segments, including Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and other services.
NN Group provides a wide array of life insurance products, such as group and individual pension plans, retail life insurance, and SME life insurance. In addition, the company offers non-life insurance covering areas like motor, fire, liability, transport, travel, health, property and casualty, as well as disability and accident insurance.
As of the latest trading session, shares of NN Group experienced a slight increase of 0.6%. Investors will be keen to monitor future analyst updates and company announcements to better gauge NN Group’s performance in the evolving financial landscape.
