NEX Group PLC’s (NXG) “Sell” Rating Reaffirmed at Shore Capital
A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley boosted their price objective on 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. Barclays PLC restated 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. BNP Paribas restated 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. Liberum Capital restated 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. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 550 ($7.30) price objective on shares of NEX Group PLC in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. NEX Group PLC presently has an average rating of Hold and an average price target of GBX 645.17 ($8.56).
NEX Group PLC (LON:NXG) opened at 653.00 on Monday. NEX Group PLC has a 1-year low of GBX 445.10 and a 1-year high of GBX 690.00. The company has a 50 day moving average of GBX 657.92 and a 200 day moving average of GBX 636.94. The firm’s market capitalization is GBX 2.43 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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