Liberum Capital Reaffirms “Buy” Rating for Network International (LON:NETW)
Liberum Capital reiterated their buy rating on shares of Network International (LON:NETW) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also issued reports on the company. Goldman Sachs Group assumed coverage on Network International in a research note on Tuesday, May 21st. They issued a buy rating and a GBX 650 ($8.49) target price for the company. Berenberg Bank assumed coverage on Network International in a research note on Monday, May 6th. They issued a buy rating and a GBX 700 ($9.15) target price for the company. Finally, Barclays assumed coverage on Network International in a research note on Friday, June 7th. They issued an overweight rating and a GBX 585 ($7.64) target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Network International presently has a consensus rating of Buy and an average price target of GBX 636 ($8.31).
Shares of NETW stock traded down GBX 19 ($0.25) during trading hours on Wednesday, reaching GBX 562 ($7.34). The company had a trading volume of 165,226 shares. Network International has a twelve month low of GBX 490.50 ($6.41) and a twelve month high of GBX 630 ($8.23). The stock has a market capitalization of $2.86 billion and a P/E ratio of 0.01. The company’s fifty day simple moving average is GBX 597.
Network International Holdings plc operates as a digital commerce enabler in the Middle East and Africa region. The company provides technology-enabled payments solutions to merchants and financial institutions. It offers issuer solutions, including card solutions, processing and card management solutions, and issuer solutions value added services; and merchant solutions comprising payment acceptance solutions, direct acquiring and acquirer processing solutions, and a range of value added services.
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