NEX Group PLC (NXG) Earns Sell Rating from Shore Capital
Several other analysts also recently issued reports on the company. Societe Generale restated a hold rating and issued a GBX 640 ($8.42) price objective on shares of NEX Group PLC in a research report on Friday, November 17th. J P Morgan Chase & Co assumed coverage on NEX Group PLC in a research report on Tuesday, November 14th. They issued a neutral rating and a GBX 650 ($8.55) price objective on the stock. Liberum Capital reduced their price objective on NEX Group PLC from GBX 638 ($8.39) to GBX 629 ($8.27) and set a hold rating on the stock in a research report on Friday, November 3rd. Macquarie restated a neutral rating and issued a GBX 645 ($8.48) price objective on shares of NEX Group PLC in a research report on Friday, October 13th. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 550 ($7.23) price objective on shares of NEX Group PLC in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 644.11 ($8.47).
Shares of NEX Group PLC (LON:NXG) opened at GBX 576 ($7.58) on Monday. NEX Group PLC has a 12-month low of GBX 445.10 ($5.85) and a 12-month high of GBX 690 ($9.08).
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In other NEX Group PLC news, insider Robert Standing bought 10,000 shares of NEX Group PLC stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of GBX 584 ($7.68) per share, for a total transaction of £58,400 ($76,811.78).
About NEX Group PLC
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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