NEX Group (NXG) PT Raised to GBX 680

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.

The company also recently disclosed a dividend, which was paid on Friday, February 2nd. Stockholders of record on Thursday, December 21st were given a GBX 3.50 ($0.05) dividend. This represents a dividend yield of 0.62%. The ex-dividend date was Thursday, December 21st.

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).

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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.

Analyst Recommendations for NEX Group (LON:NXG)

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