NEX Group PLC’s (NXG) “Hold” Rating Reiterated at Liberum Capital

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.

Analyst Recommendations for NEX Group PLC (LON:NXG)

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