NEX Group PLC (LON:NXG)‘s stock had its “hold” rating reissued by stock analysts at Liberum Capital in a research note issued on Wednesday, July 12th. They presently have a GBX 638 ($8.31) price target on the stock. Liberum Capital’s target price suggests a potential downside of 6.52% from the stock’s current price.
Several other research firms have also commented on NXG. Barclays PLC reiterated an “overweight” rating and issued a GBX 615 ($8.01) price objective on shares of NEX Group PLC in a research note on Monday, March 27th. Shore Capital reiterated a “sell” rating on shares of NEX Group PLC in a research note on Wednesday, May 31st. BNP Paribas reiterated an “outperform” rating and issued a GBX 620 ($8.07) price objective on shares of NEX Group PLC in a research note on Tuesday, March 28th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of NEX Group PLC in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 630.60 ($8.21).
Shares of NEX Group PLC (LON:NXG) remained flat at GBX 682.50 during trading on Wednesday. The company had a trading volume of 318,371 shares. The company has a 50 day moving average of GBX 654.00 and a 200 day moving average of GBX 610.95. NEX Group PLC has a 12-month low of GBX 441.67 and a 12-month high of GBX 685.50. The stock’s market capitalization is GBX 2.54 billion.
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In other NEX Group PLC news, insider Charles Gregson acquired 9,309 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of GBX 663 ($8.63) per share, with a total value of £61,718.67 ($80,373.32). Also, insider Michael Alan Spencer acquired 7,350 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was acquired at an average cost of GBX 620 ($8.07) per share, with a total value of £45,570 ($59,343.66). In the last 90 days, insiders have bought 607,159 shares of company stock valued at $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.
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