NEX Group PLC (LON:NXG) Price Target Raised to GBX 728 at Morgan Stanley

NEX Group PLC (LON:NXG) had its price target upped by Morgan Stanley from GBX 563 ($7.59) to GBX 728 ($9.82) in a report issued on Friday, September 1st. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also recently commented on NXG. Shore Capital reaffirmed a sell rating on shares of NEX Group PLC in a research report on Wednesday, May 31st. Liberum Capital reaffirmed a hold rating and set a GBX 638 ($8.60) price objective on shares of NEX Group PLC in a research report on Wednesday, May 31st. BNP Paribas reaffirmed a neutral rating and set a GBX 620 ($8.36) price objective on shares of NEX Group PLC in a research report on Tuesday, July 18th. Barclays PLC raised their target price on NEX Group PLC from GBX 615 ($8.29) to GBX 745 ($10.04) and gave the stock an overweight rating in a research report on Friday, June 2nd. Finally, Numis Securities Ltd reissued a hold rating and issued a GBX 550 ($7.42) target price on shares of NEX Group PLC in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 646.83 ($8.72).

Shares of NEX Group PLC (LON:NXG) traded up 1.17% on Friday, reaching GBX 649.50. 438,577 shares of the company were exchanged. The firm’s market capitalization is GBX 2.42 billion. The stock’s 50-day moving average is GBX 666.32 and its 200 day moving average is GBX 632.26. NEX Group PLC has a 12-month low of GBX 445.10 and a 12-month high of GBX 690.00.

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In other news, insider Michael Alan Spencer bought 146,331 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were acquired at an average cost of GBX 620 ($8.36) per share, with a total value of £907,252.20 ($1,223,206.42). Insiders acquired 572,850 shares of company stock worth $355,167,000 over the last three months.

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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