NEX Group PLC (LON:NXG)‘s stock had its “hold” rating restated by research analysts at Numis Securities Ltd in a report released on Monday. They currently have a GBX 550 ($7.23) price objective on the stock. Numis Securities Ltd’s target price indicates a potential downside of 6.82% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Shore Capital restated a “sell” rating on shares of NEX Group PLC in a report on Monday. Liberum Capital restated a “hold” rating and issued a GBX 629 ($8.27) price target on shares of NEX Group PLC in a report on Monday. Societe Generale restated a “hold” rating and issued a GBX 640 ($8.42) price target on shares of NEX Group PLC in a report on Friday. Barclays PLC restated an “overweight” rating and issued a GBX 735 ($9.67) price target on shares of NEX Group PLC in a report on Tuesday, October 3rd. Finally, Macquarie restated a “neutral” rating and issued a GBX 645 ($8.48) price target on shares of NEX Group PLC in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 644.11 ($8.47).
NEX Group PLC (LON NXG) traded down GBX 6.77 ($0.09) during midday trading on Monday, reaching GBX 590.23 ($7.76). 1,483,841 shares of the company traded hands, compared to its average volume of 862,284. NEX Group PLC has a 52-week low of GBX 445.10 ($5.85) and a 52-week high of GBX 690 ($9.08).
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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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