JPMorgan Chase & Co. restated their overweight rating on shares of NEX Group (LON:NXG) in a report issued on Friday. The firm currently has a GBX 665 ($9.34) price target on the stock.
Other research analysts have also issued research reports about the stock. Liberum Capital restated a buy rating and set a GBX 679 ($9.54) price target on shares of NEX Group in a research note on Thursday. Shore Capital reiterated a sell rating on shares of NEX Group in a research note on Thursday. Barclays reiterated an overweight rating and issued a GBX 730 ($10.25) target price on shares of NEX Group in a research note on Friday. Numis Securities reiterated a hold rating and issued a GBX 550 ($7.72) target price on shares of NEX Group in a research note on Monday, November 20th. Finally, Societe Generale reiterated a hold rating and issued a GBX 640 ($8.99) target price on shares of NEX Group in a research note on Friday, November 17th. One 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 stock. The company currently has an average rating of Hold and an average price target of GBX 653 ($9.17).
NEX Group (LON NXG) opened at GBX 631 ($8.86) on Friday. NEX Group has a 12 month low of GBX 5.63 ($0.08) and a 12 month high of GBX 690 ($9.69). The company has a market cap of $2,400.00 and a price-to-earnings ratio of 1,371.74.
The company also recently announced a dividend, which was paid on Friday, February 2nd. Investors of record on Thursday, December 21st were paid a GBX 3.50 ($0.05) dividend. The ex-dividend date was Thursday, December 21st. This represents a yield of 0.62%.
In related news, insider Robert Standing purchased 10,000 shares of NEX Group stock in a transaction on Tuesday, November 21st. The stock was purchased 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.
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