NEX Group PLC (NXG) Receives GBX 652.67 Average Price Target from Analysts

NEX Group PLC (LON:NXG) has been given an average rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 651.17 ($8.59).

Several research analysts have recently commented on NXG shares. Shore Capital reiterated a “sell” rating on shares of NEX Group PLC in a report on Monday, October 2nd. Morgan Stanley lifted their price target on NEX Group PLC from GBX 563 ($7.43) to GBX 728 ($9.61) and gave the stock an “equal weight” rating in a report on Friday, September 1st. Numis Securities Ltd reiterated a “hold” rating and set a GBX 550 ($7.26) price target on shares of NEX Group PLC in a report on Friday, October 6th. Macquarie reiterated a “neutral” rating and set a GBX 645 ($8.51) price target on shares of NEX Group PLC in a report on Friday, October 13th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 735 ($9.70) price target on shares of NEX Group PLC in a report on Tuesday, October 3rd.

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NEX Group PLC (LON:NXG) traded down GBX 11 ($0.15) during midday trading on Thursday, hitting GBX 623 ($8.22). The stock had a trading volume of 1,264,091 shares.

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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