NEX Group (NXG) Raised to “Add” at Numis Securities

NEX Group (LON:NXG) was upgraded by research analysts at Numis Securities to an “add” rating in a research note issued to investors on Friday, March 16th. The firm presently has a GBX 800 ($11.23) price target on the stock. Numis Securities’ target price indicates a potential downside of 19.44% from the company’s previous close.

Several other analysts also recently weighed in on NXG. Societe Generale restated a “hold” rating and issued a GBX 640 ($8.98) price objective on shares of NEX Group in a report on Friday, November 17th. Shore Capital reiterated a “sell” rating on shares of NEX Group in a research note on Monday, November 20th. Liberum Capital reiterated a “hold” rating and issued a GBX 629 ($8.83) target price on shares of NEX Group in a research note on Monday, November 20th. JPMorgan Chase dropped their price target on NEX Group from GBX 650 ($9.12) to GBX 635 ($8.91) and set a “neutral” rating on the stock in a research note on Tuesday, November 21st. Finally, Barclays restated an “overweight” rating and set a GBX 700 ($9.83) price target on shares of NEX Group in a research note on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. NEX Group presently has an average rating of “Hold” and an average price target of GBX 682.38 ($9.58).

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Shares of LON:NXG traded down GBX 11 ($0.15) on Friday, hitting GBX 993 ($13.94). 1,591,445 shares of the company’s stock were exchanged, compared to its average volume of 1,370,000. NEX Group has a 12 month low of GBX 5.63 ($0.08) and a 12 month high of GBX 690.25 ($9.69).

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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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