Societe Generale Reaffirms Hold Rating for NEX Group (LON:NXG)

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.

Analyst Recommendations for NEX Group (LON:NXG)

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