A number of other research firms have also recently commented on NXG. Morgan Stanley boosted their price target on NEX Group PLC from GBX 563 ($7.48) to GBX 728 ($9.67) and gave the stock an equal weight rating in a report on Friday, September 1st. Macquarie reissued a neutral rating and issued a GBX 645 ($8.57) price target on shares of NEX Group PLC in a report on Friday, October 13th. BNP Paribas reissued a neutral rating and issued a GBX 620 ($8.24) price target on shares of NEX Group PLC in a report on Tuesday, July 18th. Numis Securities Ltd reissued a hold rating and issued a GBX 550 ($7.31) price target on shares of NEX Group PLC in a report on Friday, October 6th. Finally, Barclays PLC reissued an overweight rating and issued a GBX 745 ($9.90) price target on shares of NEX Group PLC in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 645.14 ($8.57).
Shares of NEX Group PLC (LON:NXG) opened at 623.00 on Monday. NEX Group PLC has a 52 week low of GBX 441.67 and a 52 week high of GBX 690.15. The stock’s market capitalization is GBX 2.32 billion. The company has a 50-day moving average of GBX 654.04 and a 200-day moving average of GBX 642.35.
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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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