Liberum Capital Reaffirms “Hold” Rating for NEX Group (NXG)

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).

The firm also recently declared a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be given a dividend of GBX 3.50 ($0.05) per share. The ex-dividend date is Thursday, December 21st. This represents a yield of 0.62%.

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.

Analyst Recommendations for NEX Group (LON:NXG)

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