NEX Group (NXG) Lifted to Buy at Liberum Capital
Other equities research analysts have also issued research reports about the stock. Numis Securities reissued a hold rating and issued a GBX 550 ($7.40) price objective on shares of NEX Group in a research report on Monday, November 20th. Shore Capital reissued a sell rating on shares of NEX Group in a research report on Monday, November 20th. Societe Generale reissued a hold rating and issued a GBX 640 ($8.61) price objective on shares of NEX Group in a research report on Friday, November 17th. Barclays reissued an overweight rating and issued a GBX 700 ($9.42) price objective on shares of NEX Group in a research report on Thursday, November 23rd. Finally, J P Morgan Chase & Co dropped their price objective on shares of NEX Group from GBX 650 ($8.75) to GBX 635 ($8.55) and set a neutral rating for the company in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 644.11 ($8.67).
NEX Group (LON NXG) opened at GBX 573 ($7.71) on Friday. NEX Group has a 1 year low of GBX 5.63 ($0.08) and a 1 year high of GBX 690 ($9.29).
The company also recently announced a dividend, which will be paid on Friday, February 2nd. Stockholders of record on Thursday, December 21st will be paid a GBX 3.50 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 0.62%.
In other news, insider Robert Standing bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of GBX 584 ($7.86) per share, for a total transaction of £58,400 ($78,600.27).
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NEX Group Company Profile
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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