Robert Standing Acquires 10,000 Shares of NEX Group PLC (NXG) Stock
NEX Group PLC (LON:NXG) insider Robert Standing bought 10,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were bought at an average price of GBX 584 ($7.68) per share, with a total value of £58,400 ($76,811.78).
Shares of NEX Group PLC (NXG) opened at GBX 570 ($7.50) on Thursday. NEX Group PLC has a twelve month low of GBX 445.10 ($5.85) and a twelve month high of GBX 690 ($9.08).
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A number of analysts have weighed in on the company. Barclays PLC restated an “overweight” rating and set a GBX 735 ($9.67) target price on shares of NEX Group PLC in a report on Tuesday, October 3rd. Societe Generale restated a “hold” rating and set a GBX 640 ($8.42) target price on shares of NEX Group PLC in a report on Friday, November 17th. Liberum Capital reiterated a “hold” rating and set a GBX 629 ($8.27) price objective on shares of NEX Group PLC in a report on Monday. Morgan Stanley increased their price objective on NEX Group PLC from GBX 563 ($7.40) to GBX 728 ($9.58) and gave the company an “equal weight” rating in a report on Friday, September 1st. Finally, J P Morgan Chase & Co started coverage on NEX Group PLC in a report on Tuesday, November 14th. They set a “neutral” rating and a GBX 650 ($8.55) price objective for the company. One equities research 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. The stock has a consensus rating of “Hold” and a consensus price target of GBX 648 ($8.52).
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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