NEX Group PLC (LON:NXG) has received an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 654.20 ($8.68).
Several equities analysts recently weighed in on NXG shares. Morgan Stanley increased their target price on NEX Group PLC from GBX 563 ($7.47) to GBX 728 ($9.66) and gave the stock an “equal weight” rating in a research report on Friday, September 1st. Numis Securities Ltd reiterated a “hold” rating and set a GBX 550 ($7.30) target price on shares of NEX Group PLC in a research report on Friday. Liberum Capital reiterated a “hold” rating and set a GBX 638 ($8.46) target price on shares of NEX Group PLC in a research report on Wednesday, July 12th. BNP Paribas restated a “neutral” rating and set a GBX 620 ($8.22) price target on shares of NEX Group PLC in a research note on Tuesday, July 18th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 745 ($9.88) price target on shares of NEX Group PLC in a research note on Thursday, July 13th.
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Shares of NEX Group PLC (LON:NXG) opened at 658.00 on Friday. The company’s 50 day moving average price is GBX 657.92 and its 200-day moving average price is GBX 637.09. NEX Group PLC has a 12 month low of GBX 441.67 and a 12 month high of GBX 690.15. The firm’s market capitalization is GBX 2.45 billion.
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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