NEX Group (NXG) Upgraded to Buy at Liberum Capital
NEX Group (LON:NXG) was upgraded by research analysts at Liberum Capital to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a GBX 679 ($9.14) price objective on the stock. Liberum Capital’s price target would indicate a potential upside of 17.47% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Numis Securities restated a “hold” rating and issued a GBX 550 ($7.40) price objective on shares of NEX Group in a research note on Monday, November 20th. Shore Capital restated a “sell” rating on shares of NEX Group in a research note on Monday, November 20th. Societe Generale restated a “hold” rating and issued a GBX 640 ($8.61) price objective on shares of NEX Group in a research note on Friday, November 17th. Barclays reiterated an “overweight” rating and set a GBX 700 ($9.42) price target on shares of NEX Group in a research note on Thursday, November 23rd. Finally, J P Morgan Chase & Co decreased their price target on shares of NEX Group from GBX 650 ($8.75) to GBX 635 ($8.55) and set a “neutral” rating on the stock in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 644.11 ($8.67).
Shares of NEX Group (LON:NXG) traded down GBX 2.05 ($0.03) during trading on Friday, hitting GBX 578 ($7.78). 965,074 shares of the stock traded hands, compared to its average volume of 1,040,000. NEX Group has a twelve month low of GBX 5.63 ($0.08) and a twelve month high of GBX 690 ($9.29).
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About NEX Group
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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