Shares of NEX Group PLC (LON:NXG) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 583.75 ($7.21).
Several research analysts have commented on the stock. Citigroup Inc reiterated a “neutral” rating and set a GBX 600 ($7.41) price target on shares of NEX Group PLC in a report on Monday, March 13th. Barclays PLC reiterated an “overweight” rating and set a GBX 615 ($7.60) price target on shares of NEX Group PLC in a report on Friday, February 17th. BNP Paribas reiterated an “outperform” rating and set a GBX 620 ($7.66) price target on shares of NEX Group PLC in a report on Thursday, February 16th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 500 ($6.18) price target on shares of NEX Group PLC in a report on Wednesday, February 15th. Finally, Liberum Capital reiterated an “under review” rating on shares of NEX Group PLC in a report on Wednesday, February 15th.
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In related news, insider Charles Gregson acquired 2,806 shares of NEX Group PLC stock in a transaction dated Tuesday, January 24th. The stock was acquired at an average price of GBX 541 ($6.68) per share, for a total transaction of £15,180.46 ($18,748.25). Also, insider Michael Alan Spencer acquired 7,786 shares of NEX Group PLC stock in a transaction dated Tuesday, January 10th. The shares were bought at an average price of GBX 500 ($6.18) per share, with a total value of £38,930 ($48,079.54). Insiders have bought a total of 529,465 shares of company stock valued at $277,271,666 in the last 90 days.
NEX Group PLC (LON:NXG) traded up 0.26% on Monday, hitting GBX 585.50. 817,701 shares of the company’s stock were exchanged. NEX Group PLC has a 12-month low of GBX 445.10 and a 12-month high of GBX 602.00. The company’s 50-day moving average price is GBX 572.99 and its 200-day moving average price is GBX 505.29. The company’s market cap is GBX 2.17 billion.
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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