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.
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