NEX Group (NXG) Price Target Increased to GBX 680 by Analysts at Morgan Stanley

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).

In other news, insider Robert Standing bought 10,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average price of GBX 584 ($8.19) per share, for a total transaction of £58,400 ($81,884.46).

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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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