NEX Group (LON:NXG) had its price target upped by Morgan Stanley from GBX 675 ($9.46) to GBX 680 ($9.53) in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 9.59% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Liberum Capital reaffirmed a “hold” rating and set a GBX 629 ($8.82) price target on shares of NEX Group in a research note on Monday, November 20th. Shore Capital reaffirmed a “sell” rating on shares of NEX Group in a research note on Thursday, February 1st. Numis Securities reaffirmed a “hold” rating and set a GBX 550 ($7.71) price target on shares of NEX Group in a research note on Monday, November 20th. Societe Generale reaffirmed a “hold” rating and set a GBX 640 ($8.97) price target on shares of NEX Group in a research note on Friday, November 17th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 665 ($9.32) price target on shares of NEX Group in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 647.67 ($9.08).
NEX Group (LON:NXG) opened at GBX 620.50 ($8.70) on Wednesday. NEX Group has a 12 month low of GBX 5.63 ($0.08) and a 12 month high of GBX 690 ($9.67). The firm has a market cap of $2,330.00 and a price-to-earnings ratio of 1,348.91.
In other NEX Group news, insider Robert Standing acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of GBX 584 ($8.19) per share, for a total transaction of £58,400 ($81,884.46).
NEX Group 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.
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