NEX Group (NXG) Given “Overweight” Rating at JPMorgan Chase & Co.

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.

Analyst Recommendations for NEX Group (LON:NXG)

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