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.

Analyst Recommendations for NEX Group PLC (LON:NXG)

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