Barclays Reaffirms Overweight Rating for NEX Group (NXG)

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.

Analyst Recommendations for NEX Group (LON:NXG)

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