NEX Group PLC (NXG) Receives Average Recommendation of “Hold” from Analysts

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.

Analyst Recommendations for NEX Group PLC (LON:NXG)

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