NEX Group (NXG) Price Target Raised to GBX 680

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).

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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.

Analyst Recommendations for NEX Group (LON:NXG)

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