NEX Group (LON:NXG) had its price objective hoisted by equities research analysts at Morgan Stanley from GBX 675 ($9.46) to GBX 680 ($9.53) in a research report issued to clients and investors on Wednesday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 9.59% from the stock’s current price.
Several other brokerages have also recently weighed in on NXG. Macquarie reiterated a “neutral” rating and set a GBX 645 ($9.04) price target on shares of NEX Group in a research note on Friday, October 13th. Shore Capital reiterated a “sell” rating on shares of NEX Group in a research note on Monday, October 16th. Numis Securities lifted their price target on shares of NEX Group from GBX 550 ($7.71) to GBX 570 ($7.99) and gave the stock a “hold” rating in a research note on Thursday, February 1st. Liberum Capital restated a “buy” rating and set a GBX 679 ($9.52) target price on shares of NEX Group in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 665 ($9.32) target price on shares of NEX Group in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 647.67 ($9.08).
NEX Group (NXG) opened at GBX 620.50 ($8.70) on Wednesday. The firm has a market cap of $2,330.00 and a price-to-earnings ratio of 1,348.91. NEX Group has a one year low of GBX 5.63 ($0.08) and a one year high of GBX 690 ($9.67).
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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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