Network International’s (NETW) “Buy” Rating Reiterated at Liberum Capital
Liberum Capital reissued their buy rating on shares of Network International (LON:NETW) in a research note released on Monday, ThisIsMoney.Co.Uk reports.
NETW has been the topic of several other research reports. Berenberg Bank raised their price target on Network International from GBX 560 ($6.89) to GBX 650 ($8.00) and gave the company a buy rating in a report on Thursday, June 25th. Citigroup reissued a buy rating and issued a GBX 670 ($8.25) target price on shares of Network International in a research note on Tuesday, June 16th. JPMorgan Chase & Co. cut their target price on Network International from GBX 595 ($7.32) to GBX 550 ($6.77) and set a neutral rating on the stock in a research note on Wednesday, March 18th. Jefferies Financial Group increased their target price on Network International from GBX 390 ($4.80) to GBX 430 ($5.29) and gave the company a hold rating in a research note on Friday, May 29th. Finally, Morgan Stanley raised Network International to an overweight rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 546.43 ($6.72).
Network International stock opened at GBX 426 ($5.24) on Monday. The business’s 50-day simple moving average is GBX 453.98 and its 200 day simple moving average is GBX 493.53. The stock has a market cap of $2.28 billion and a price-to-earnings ratio of 38.26. Network International has a 12-month low of GBX 317 ($3.90) and a 12-month high of GBX 656 ($8.07). The company has a quick ratio of 0.66, a current ratio of 0.81 and a debt-to-equity ratio of 163.60.
Network International Holdings plc operates as a digital commerce enabler in the Middle East and Africa. The company provides technology-enabled payments solutions to merchants and financial institutions. It offers issuer solutions, including customer onboarding, card issuing, core processing, scheme and settlement reconciliation, and chargeback and dispute management service; and merchant solutions comprising payment acceptance products and solutions to merchants through direct merchant acquiring and acquirer processing solutions.
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