Barclays Reaffirms “Overweight” Rating for NEX Group (NXG)
Several other research analysts have also recently issued reports on NXG. Numis Securities reiterated a hold rating and issued a GBX 550 ($7.72) price objective on shares of NEX Group in a report on Friday, October 6th. Macquarie reiterated a neutral rating and issued a GBX 645 ($9.06) price objective on shares of NEX Group in a report on Friday, October 13th. Shore Capital reiterated a sell rating on shares of NEX Group in a report on Monday, October 16th. Liberum Capital decreased their price objective on shares of NEX Group from GBX 638 ($8.96) to GBX 629 ($8.83) and set a hold rating for the company in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of NEX Group in a report on Tuesday, November 14th. They issued a neutral rating and a GBX 650 ($9.13) price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 653 ($9.17).
NEX Group (LON:NXG) opened at GBX 631 ($8.86) on Friday. The stock has a market cap of $2,400.00 and a P/E ratio of 1,371.74. NEX Group has a 1-year low of GBX 5.63 ($0.08) and a 1-year high of GBX 690 ($9.69).
In other NEX Group news, insider Robert Standing bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average cost of GBX 584 ($8.20) per share, with a total value of £58,400 ($82,010.95).
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About NEX Group
NEX Group plc is a technology-based service company. The Company is engaged in electronic trading business, offering a diverse portfolio of products and services in the over-the-counter (OTC) markets. The Company’s segments include NEX Markets, which includes EBS BrokerTec and NEX Exchange (formerly the ICAP Securities and Derivatives Exchange (ISDX)); NEX Optimisation, which includes PTRI and Euclid Opportunities, and Group, which includes all residual income from shipping (forward revenue), and central costs not attributable to the business units.
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