Shore Capital Reiterates Sell Rating for NEX Group PLC (NXG)

NEX Group PLC (LON:NXG)‘s stock had its “sell” rating reissued by analysts at Shore Capital in a research note issued to investors on Wednesday, July 12th.

Other equities research analysts also recently issued research reports about the company. Barclays PLC reissued an “overweight” rating and set a GBX 615 ($8.01) price target on shares of NEX Group PLC in a research report on Monday, March 27th. Liberum Capital reissued an “under review” rating and set a GBX 638 ($8.31) price target on shares of NEX Group PLC in a research report on Monday, May 15th. Citigroup Inc. reissued a “neutral” rating on shares of NEX Group PLC in a research report on Tuesday, May 9th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 620 ($8.07) price target on shares of NEX Group PLC in a research report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 630.60 ($8.21).

Shares of NEX Group PLC (LON:NXG) remained flat at GBX 682.50 during mid-day trading on Wednesday. The company had a trading volume of 318,371 shares. NEX Group PLC has a 52-week low of GBX 441.67 and a 52-week high of GBX 685.50. The firm’s market capitalization is GBX 2.54 billion. The firm’s 50 day moving average is GBX 654.00 and its 200 day moving average is GBX 610.95.

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In other NEX Group PLC news, insider Stuart J. Bridges bought 25,000 shares of NEX Group PLC stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of GBX 605 ($7.88) per share, with a total value of £151,250 ($196,965.75). Also, insider Michael Alan Spencer bought 419,169 shares of NEX Group PLC stock in a transaction on Monday, July 3rd. The stock was acquired at an average cost of GBX 620 ($8.07) per share, for a total transaction of £2,598,847.80 ($3,384,357.08). In the last ninety days, insiders acquired 607,159 shares of company stock worth $376,463,867.

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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