Nexteq (LON:NXQ) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Nexteq (LON:NXQ) in a research report report published on Tuesday, Marketbeat Ratings reports. They currently have a GBX 300 ($3.73) target price on the stock.

Nexteq Stock Performance

NXQ stock opened at GBX 150 ($1.87) on Tuesday. The stock has a market capitalization of £99.81 million, a P/E ratio of 1,153.85 and a beta of 1.19. Nexteq has a one year low of GBX 92 ($1.15) and a one year high of GBX 178 ($2.22). The company has a 50 day moving average price of GBX 149.19 and a two-hundred day moving average price of GBX 123.19.

Nexteq Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 25th will be paid a GBX 3.30 ($0.04) dividend. This is a boost from Nexteq’s previous dividend of $3.00. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, July 25th. Nexteq’s payout ratio is presently 2,307.69%.

Insider Buying and Selling at Nexteq

In other Nexteq news, insider Johan Olivier sold 11,000 shares of Nexteq stock in a transaction on Thursday, March 14th. The shares were sold at an average price of GBX 151 ($1.88), for a total value of £16,610 ($20,677.21). 43.41% of the stock is owned by company insiders.

Nexteq Company Profile

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.