Barclays reaffirmed their overweight rating on shares of NEX Group (LON:NXG) in a report published on Friday. Barclays currently has a GBX 730 ($10.25) price target on the stock.
A number of other analysts also recently issued reports on NXG. Numis Securities restated a hold rating and issued a GBX 550 ($7.72) price target on shares of NEX Group in a research report on Friday, October 6th. Macquarie reiterated a neutral rating and set a GBX 645 ($9.06) target price on shares of NEX Group in a research report on Friday, October 13th. Shore Capital reiterated a sell rating on shares of NEX Group in a research report on Monday, October 16th. Liberum Capital decreased their target price on NEX Group from GBX 638 ($8.96) to GBX 629 ($8.83) and set a hold rating for the company in a research report on Friday, November 3rd. Finally, JPMorgan Chase & Co. initiated coverage on NEX Group in a research report on Tuesday, November 14th. They set a neutral rating and a GBX 650 ($9.13) target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 653 ($9.17).
Shares of NEX Group (NXG) opened at GBX 631 ($8.86) on Friday. The stock has a market capitalization of $2,400.00 and a price-to-earnings ratio of 1,371.74. NEX Group has a 52-week low of GBX 5.63 ($0.08) and a 52-week high of GBX 690 ($9.69).
The firm also recently announced a dividend, which was paid on Friday, February 2nd. Stockholders of record on Thursday, December 21st were given a dividend of GBX 3.50 ($0.05) per share. The ex-dividend date was Thursday, December 21st. This represents a dividend yield of 0.62%.
In other NEX Group news, insider Robert Standing bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of GBX 584 ($8.20) per share, for a total transaction of £58,400 ($82,010.95).
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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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