NEX Group PLC (NXG) Given Consensus Rating of “Hold” by Analysts
NEX Group PLC (LON:NXG) has received an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 652.67 ($8.61).
A number of analysts have weighed in on the company. Morgan Stanley increased their target price on NEX Group PLC from GBX 563 ($7.43) to GBX 728 ($9.61) and gave the stock an “equal weight” rating in a research note on Friday, September 1st. Shore Capital reissued a “sell” rating on shares of NEX Group PLC in a research report on Monday, October 2nd. Macquarie reissued a “neutral” rating and set a GBX 645 ($8.51) price target on shares of NEX Group PLC in a research report on Friday, October 13th. BNP Paribas reissued a “neutral” rating and set a GBX 620 ($8.18) price target on shares of NEX Group PLC in a research report on Tuesday, July 18th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 550 ($7.26) price target on shares of NEX Group PLC in a research report on Friday, October 6th.
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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