NEX Group PLC (NXG) PT Raised to GBX 728
NEX Group PLC (LON:NXG) had its target price increased by research analysts at Morgan Stanley from GBX 563 ($7.28) to GBX 728 ($9.42) in a report issued on Friday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 9.39% from the stock’s current price.
NXG has been the subject of a number of other reports. Barclays PLC reissued an “overweight” rating and set a GBX 745 ($9.64) price target on shares of NEX Group PLC in a research report on Thursday, July 13th. Liberum Capital reissued a “hold” rating and set a GBX 638 ($8.25) price target on shares of NEX Group PLC in a research report on Wednesday, July 12th. Citigroup Inc. reissued a “neutral” rating on shares of NEX Group PLC in a research report on Tuesday, May 9th. Shore Capital reissued a “sell” rating on shares of NEX Group PLC in a research report on Monday, May 15th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 620 ($8.02) price target on shares of NEX Group PLC in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 646.83 ($8.37).
Shares of NEX Group PLC (LON NXG) opened at 665.50 on Friday. The firm’s 50-day moving average is GBX 667.58 and its 200-day moving average is GBX 623.57. The stock’s market capitalization is GBX 2.48 billion. NEX Group PLC has a one year low of GBX 441.67 and a one year high of GBX 690.15.
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In other news, insider Michael Alan Spencer bought 146,331 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was purchased at an average cost of GBX 620 ($8.02) per share, with a total value of £907,252.20 ($1,173,373.25). Over the last ninety days, insiders have bought 572,850 shares of company stock valued at $355,167,000.
NEX Group PLC 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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