Shore Capital Reiterates “Sell” Rating for NEX Group (NXG)

NEX Group (LON:NXG)‘s stock had its “sell” rating reissued by investment analysts at Shore Capital in a note issued to investors on Thursday.

A number of other research analysts also recently weighed in on NXG. Societe Generale restated a “hold” rating and issued a GBX 640 ($8.99) price target on shares of NEX Group in a research note on Friday, November 17th. Liberum Capital decreased their price target on NEX Group from GBX 638 ($8.96) to GBX 629 ($8.83) and set a “hold” rating for the company in a research note on Friday, November 3rd. Numis Securities restated a “hold” rating and issued a GBX 550 ($7.72) price target on shares of NEX Group in a research note on Friday, October 6th. JPMorgan Chase & Co. decreased their price target on NEX Group from GBX 650 ($9.13) to GBX 635 ($8.92) and set a “neutral” rating for the company in a research note on Tuesday, November 21st. Finally, Macquarie restated a “neutral” rating and issued a GBX 645 ($9.06) price target on shares of NEX Group in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 647.44 ($9.09).

NEX Group (LON NXG) opened at GBX 643.50 ($9.04) on Thursday. The firm has a market capitalization of $2,270.00 and a P/E ratio of 1,398.91. NEX Group has a one year low of GBX 5.63 ($0.08) and a one year high of GBX 690 ($9.69).

In other NEX Group news, insider Robert Standing acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of GBX 584 ($8.20) per share, with a total value of £58,400 ($82,010.95).

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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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