NEX Group PLC (NXG) Earns “Sell” Rating from Shore Capital
NEX Group PLC (LON:NXG)‘s stock had its “sell” rating reiterated by equities researchers at Shore Capital in a note issued to investors on Monday.
A number of other equities research analysts have also recently commented on NXG. Morgan Stanley increased their target price on NEX Group PLC from GBX 563 ($7.40) to GBX 728 ($9.58) and gave the stock an “equal weight” rating in a research note on Friday, September 1st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 735 ($9.67) price objective on shares of NEX Group PLC in a research report on Tuesday, October 3rd. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 550 ($7.23) price objective on shares of NEX Group PLC in a research report on Friday, October 6th. Macquarie reaffirmed a “neutral” rating and set a GBX 645 ($8.48) price objective on shares of NEX Group PLC in a research report on Friday, October 13th. Finally, Liberum Capital dropped their price objective on NEX Group PLC from GBX 638 ($8.39) to GBX 629 ($8.27) and set a “hold” rating on the stock in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. NEX Group PLC presently has an average rating of “Hold” and an average target price of GBX 644.11 ($8.47).
Shares of NEX Group PLC (LON:NXG) opened at GBX 570 ($7.50) on Monday. NEX Group PLC has a 12 month low of GBX 445.10 ($5.85) and a 12 month high of GBX 690 ($9.08).
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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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