NEX Group PLC (NXG) Given New GBX 629 Price Target at Liberum Capital
NEX Group PLC (LON:NXG) had its target price lowered by Liberum Capital from GBX 638 ($8.39) to GBX 629 ($8.27) in a report released on Friday morning. Liberum Capital currently has a hold rating on the stock.
A number of other equities analysts also recently issued reports on NXG. Shore Capital reiterated a sell rating on shares of NEX Group PLC in a research note on Wednesday, July 12th. Numis Securities Ltd reissued a hold rating and set a GBX 550 ($7.23) target price on shares of NEX Group PLC in a research report on Wednesday, July 12th. Barclays PLC reissued an overweight rating and set a GBX 745 ($9.80) target price on shares of NEX Group PLC in a research report on Thursday, July 13th. BNP Paribas reissued a neutral rating and set a GBX 620 ($8.15) target price on shares of NEX Group PLC in a research report on Tuesday, July 18th. Finally, Morgan Stanley increased their target price on shares of NEX Group PLC from GBX 563 ($7.40) to GBX 728 ($9.58) and gave the company an equal weight rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. NEX Group PLC presently has a consensus rating of Hold and a consensus target price of GBX 643.86 ($8.47).
NEX Group PLC (LON:NXG) opened at GBX 616.50 ($8.11) on Friday.
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NEX Group PLC 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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