NEX Group PLC (NXG) Given Consensus Recommendation of “Hold” by Brokerages

NEX Group PLC (LON:NXG) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 649.63 ($8.66).

A number of research analysts have issued reports on NXG shares. Liberum Capital upgraded shares of NEX Group to a “buy” rating and upped their target price for the company from GBX 629 ($8.39) to GBX 679 ($9.05) in a research report on Wednesday, November 22nd. Morgan Stanley upped their target price on shares of NEX Group from GBX 563 ($7.51) to GBX 728 ($9.71) and gave the company an “equal weight” rating in a research report on Friday, September 1st. Numis Securities Ltd restated a “hold” rating and set a GBX 550 ($7.33) target price on shares of NEX Group in a research report on Friday, October 6th. Societe Generale restated a “hold” rating and set a GBX 640 ($8.53) target price on shares of NEX Group in a research report on Friday, November 17th. Finally, J P Morgan Chase & Co cut their price target on shares of NEX Group from GBX 650 ($8.67) to GBX 635 ($8.47) and set a “neutral” rating on the stock in a research report on Tuesday, November 21st.

In other NEX Group news, insider Robert Standing bought 10,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average cost of GBX 584 ($7.79) per share, with a total value of £58,400 ($77,856.29).

NEX Group (NXG) traded down GBX 10 ($0.13) during trading on Monday, reaching GBX 558 ($7.44). 903,017 shares of the company’s stock were exchanged, compared to its average volume of 979,488. NEX Group has a 52 week low of GBX 5.63 ($0.08) and a 52 week high of GBX 690 ($9.20).

The company also recently declared a dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 21st will be given a GBX 3.50 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 0.62%.

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About NEX Group

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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