NEX Group PLC (NXG) Receives Hold Rating from Liberum Capital
Other equities analysts have also issued reports about the stock. Morgan Stanley boosted their price target on shares of NEX Group PLC from GBX 563 ($7.40) to GBX 728 ($9.58) and gave the stock an equal weight rating in a research report on Friday, September 1st. Numis Securities Ltd reaffirmed a hold rating and set a GBX 550 ($7.23) target price on shares of NEX Group PLC in a research note on Friday, October 6th. Societe Generale reaffirmed a hold rating and set a GBX 640 ($8.42) target price on shares of NEX Group PLC in a research note on Friday, November 17th. J P Morgan Chase & Co assumed coverage on shares of NEX Group PLC in a research note on Tuesday, November 14th. They set a neutral rating and a GBX 650 ($8.55) target price on the stock. Finally, Macquarie reaffirmed a neutral rating and set a GBX 645 ($8.48) target price on shares of NEX Group PLC in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. NEX Group PLC currently has an average rating of Hold and an average target price of GBX 644.11 ($8.47).
NEX Group PLC (LON NXG) opened at GBX 572.50 ($7.53) on Monday. NEX Group PLC has a 52-week low of GBX 445.10 ($5.85) and a 52-week high of GBX 690 ($9.08).
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In other NEX Group PLC news, insider Robert Standing bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of GBX 584 ($7.68) per share, with a total value of £58,400 ($76,811.78).
About NEX Group PLC
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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