Shares of NEX Group PLC (LON:NXG) have been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 653.63 ($9.16).
NXG has been the subject of several research reports. Macquarie reaffirmed a “neutral” rating and set a GBX 645 ($9.04) price target on shares of NEX Group in a report on Friday, October 13th. Shore Capital reaffirmed a “sell” rating on shares of NEX Group in a report on Monday, October 16th. Liberum Capital cut their price target on NEX Group from GBX 638 ($8.95) to GBX 629 ($8.82) and set a “hold” rating for the company in a report on Friday, November 3rd. JPMorgan Chase & Co. initiated coverage on NEX Group in a report on Tuesday, November 14th. They set a “neutral” rating and a GBX 650 ($9.11) price target for the company. Finally, Societe Generale reaffirmed a “hold” rating and set a GBX 640 ($8.97) price target on shares of NEX Group in a report on Friday, November 17th.
Shares of NEX Group (LON NXG) opened at GBX 646 ($9.06) on Friday. NEX Group has a twelve month low of GBX 5.63 ($0.08) and a twelve month high of GBX 690 ($9.67). The stock has a market capitalization of $2,450.00 and a price-to-earnings ratio of 1,404.35.
In other news, insider Robert Standing acquired 10,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of GBX 584 ($8.19) per share, for a total transaction of £58,400 ($81,884.46).
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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