NEX Group PLC’s (NXG) “Hold” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reissued their hold rating on shares of NEX Group PLC (LON:NXG) in a report released on Friday morning. Numis Securities Ltd currently has a GBX 550 ($7.30) target price on the stock.
Other equities research analysts have also issued reports about the stock. Morgan Stanley upped their price objective on shares of NEX Group PLC from GBX 563 ($7.47) to GBX 728 ($9.66) and gave the company an equal weight rating in a research note on Friday, September 1st. Liberum Capital reaffirmed a hold rating and issued a GBX 638 ($8.46) price objective on shares of NEX Group PLC in a research note on Wednesday, July 12th. BNP Paribas reaffirmed a neutral rating and issued a GBX 620 ($8.22) price objective on shares of NEX Group PLC in a research note on Tuesday, July 18th. Barclays PLC reaffirmed an overweight rating and issued a GBX 745 ($9.88) price objective on shares of NEX Group PLC in a research note on Thursday, July 13th. Finally, Shore Capital reaffirmed a sell rating on shares of NEX Group PLC in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 645.17 ($8.56).
Shares of NEX Group PLC (LON:NXG) traded up 1.31% during trading on Friday, hitting GBX 658.00. 1,109,371 shares of the stock were exchanged. The firm’s 50 day moving average price is GBX 657.92 and its 200-day moving average price is GBX 637.09. NEX Group PLC has a 52 week low of GBX 441.67 and a 52 week high of GBX 690.15. The stock’s market cap is GBX 2.45 billion.
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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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