Numis Securities Ltd reaffirmed their hold rating on shares of NEX Group PLC (LON:NXG) in a research report sent to investors on Friday. They currently have a GBX 550 ($7.23) target price on the stock.
Other analysts have also recently issued research reports about the company. Barclays PLC reiterated an overweight rating and set a GBX 735 ($9.66) target price on shares of NEX Group PLC in a research report on Tuesday, October 3rd. Shore Capital reaffirmed a sell rating on shares of NEX Group PLC in a report on Monday, October 2nd. Morgan Stanley lifted their price objective on NEX Group PLC from GBX 563 ($7.40) to GBX 728 ($9.57) and gave the company an equal weight rating in a report on Friday, September 1st. BNP Paribas reaffirmed a neutral rating and issued a GBX 620 ($8.15) price objective on shares of NEX Group PLC in a report on Tuesday, July 18th. Finally, Liberum Capital reaffirmed a hold rating and issued a GBX 638 ($8.39) price objective on shares of NEX Group PLC in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 645.17 ($8.48).
NEX Group PLC (LON NXG) opened at 661.50 on Friday. NEX Group PLC has a 52 week low of GBX 445.10 and a 52 week high of GBX 690.00. The stock’s market capitalization is GBX 2.46 billion. The company’s 50-day moving average price is GBX 657.76 and its 200 day moving average price is GBX 638.88.
About NEX Group PLC
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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