WL Ross Holding Corp (NXEO) Research Coverage Started at Credit Suisse Group AG
Credit Suisse Group AG initiated coverage on shares of WL Ross Holding Corp (NASDAQ:NXEO) in a note issued to investors on Monday. The brokerage set a “neutral” rating and a $8.50 price target on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 8.28% from the company’s previous close.
A number of other brokerages have also recently commented on NXEO. Bank of America Corp. assumed coverage on shares of WL Ross Holding Corp in a research report on Monday, June 27th. They issued a “buy” rating on the stock. Jefferies Group assumed coverage on shares of WL Ross Holding Corp in a research report on Friday, September 9th. They issued a “hold” rating and a $10.00 target price on the stock. Finally, Deutsche Bank AG assumed coverage on shares of WL Ross Holding Corp in a research report on Monday, August 15th. They issued a “buy” rating and a $11.00 target price on the stock.
WL Ross Holding Corp (NASDAQ:NXEO) traded down 1.01% during trading on Monday, hitting $7.85. 56,797 shares of the stock were exchanged. The stock’s market cap is $700.90 million. The stock has a 50 day moving average of $8.46 and a 200-day moving average of $9.25. WL Ross Holding Corp has a 52 week low of $7.43 and a 52 week high of $10.39.
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In other news, Director Thomas E. Zacharias acquired 4,000 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were purchased at an average price of $8.96 per share, for a total transaction of $35,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Bradley acquired 55,000 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was purchased at an average price of $8.81 per share, for a total transaction of $484,550.00. Following the transaction, the insider now directly owns 55,000 shares of the company’s stock, valued at approximately $484,550. The disclosure for this purchase can be found here.
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