Societe Generale reaffirmed their hold rating on shares of NEX Group (LON:NXG) in a research report report published on Friday, November 17th. Societe Generale currently has a GBX 640 ($8.61) price target on the stock.
NXG has been the subject of a number of other research reports. Shore Capital reiterated a sell rating on shares of NEX Group in a research note on Monday, October 2nd. J P Morgan Chase & Co assumed coverage on NEX Group in a research note on Tuesday, November 14th. They set a neutral rating and a GBX 650 ($8.75) price objective for the company. Morgan Stanley lifted their price objective on NEX Group from GBX 563 ($7.58) to GBX 728 ($9.80) and gave the company an equal weight rating in a research note on Friday, September 1st. Numis Securities reiterated a hold rating and set a GBX 550 ($7.40) price objective on shares of NEX Group in a research note on Friday, October 6th. Finally, Macquarie reiterated a neutral rating and set a GBX 645 ($8.68) price objective on shares of NEX Group in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 644.11 ($8.67).
Shares of NEX Group (LON:NXG) traded up GBX 1 ($0.01) during mid-day trading on Friday, reaching GBX 580 ($7.81). The company had a trading volume of 821,949 shares, compared to its average volume of 1,010,000. NEX Group has a one year low of GBX 5.63 ($0.08) and a one year high of GBX 690 ($9.29).
The firm also recently announced a dividend, which will be paid on Friday, February 2nd. Stockholders of record on Thursday, December 21st will be given a dividend of GBX 3.50 ($0.05) per share. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, December 21st.
In other news, insider Robert Standing acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average cost of GBX 584 ($7.86) per share, for a total transaction of £58,400 ($78,600.27).
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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.
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