NEX Group (LON:NXG) had its price target raised by Morgan Stanley from GBX 675 ($9.46) to GBX 680 ($9.53) in a report issued on Wednesday morning. The brokerage currently has an equal weight rating on the stock.
NXG has been the subject of a number of other research reports. Liberum Capital raised shares of NEX Group to a buy rating and set a GBX 679 ($9.52) price objective for the company in a research report on Friday, December 8th. Numis Securities reissued a hold rating and issued a GBX 550 ($7.71) price objective on shares of NEX Group in a research report on Monday, November 20th. Societe Generale reissued a hold rating and issued a GBX 640 ($8.97) price objective on shares of NEX Group in a research report on Friday, November 17th. JPMorgan Chase & Co. initiated coverage on shares of NEX Group in a research report on Tuesday, November 14th. They issued a neutral rating and a GBX 650 ($9.11) price objective for the company. Finally, Macquarie reissued a neutral rating and issued a GBX 645 ($9.04) price objective on shares of NEX Group in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 647.67 ($9.08).
Shares of NEX Group (LON:NXG) opened at GBX 640.50 ($8.98) on Wednesday. NEX Group has a fifty-two week low of GBX 5.63 ($0.08) and a fifty-two week high of GBX 690 ($9.67). The stock has a market cap of $2,380.00 and a PE ratio of 1,392.39.
In related news, insider Robert Standing purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of GBX 584 ($8.19) per share, with a total value of £58,400 ($81,884.46).
About NEX Group
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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