Liberum Capital restated their hold rating on shares of NEX Group (LON:NXG) in a research report report published on Monday, November 20th. The brokerage currently has a GBX 629 ($8.47) target price on the stock.
NXG has been the subject of a number of other research reports. Shore Capital restated a sell rating on shares of NEX Group in a research report on Monday, October 2nd. J P Morgan Chase & Co initiated coverage on shares of NEX Group in a report on Tuesday, November 14th. They issued a neutral rating and a GBX 650 ($8.75) price target for the company. Morgan Stanley increased their price target on shares of NEX Group from GBX 563 ($7.58) to GBX 728 ($9.80) and gave the company an equal weight rating in a report on Friday, September 1st. Numis Securities restated a hold rating and set a GBX 550 ($7.40) target price on shares of NEX Group in a report on Friday, October 6th. Finally, Macquarie restated a neutral rating and set a GBX 645 ($8.68) target price on shares of NEX Group in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 644.11 ($8.67).
Shares of NEX Group (LON:NXG) traded up GBX 1 ($0.01) during trading hours on Monday, reaching GBX 580 ($7.81). 821,949 shares of the company were exchanged, compared to its average volume of 1,010,000. NEX Group has a 12-month low of GBX 5.63 ($0.08) and a 12-month high of GBX 690 ($9.29).
In other NEX Group news, insider Robert Standing purchased 10,000 shares of NEX Group stock in a transaction on Tuesday, November 21st. The shares were purchased at an average cost of GBX 584 ($7.86) per share, with a total value of £58,400 ($78,600.27).
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NEX Group 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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