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, 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.

Analyst Recommendations for NEX Group PLC (LON:NXG)

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