Shore Capital reiterated their sell rating on shares of NEX Group (LON:NXG) in a research report report published on Friday, March 16th.
A number of other analysts have also recently weighed in on NXG. Societe Generale reissued a hold rating and set a GBX 640 ($8.98) target price on shares of NEX Group in a report on Friday, November 17th. Numis Securities increased their price objective on shares of NEX Group from GBX 550 ($7.72) to GBX 570 ($8.00) and gave the stock a hold rating in a report on Thursday, February 1st. Liberum Capital reaffirmed a buy rating and issued a GBX 679 ($9.53) price objective on shares of NEX Group in a report on Thursday, February 1st. JPMorgan Chase dropped their price objective on shares of NEX Group from GBX 650 ($9.12) to GBX 635 ($8.91) and set a neutral rating on the stock in a report on Tuesday, November 21st. Finally, Barclays reaffirmed an overweight rating and issued a GBX 730 ($10.25) price objective on shares of NEX Group in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. NEX Group currently has a consensus rating of Hold and an average price target of GBX 682.38 ($9.58).
NXG traded down GBX 11 ($0.15) during trading on Friday, hitting GBX 993 ($13.94). The company had a trading volume of 1,591,445 shares, compared to its average volume of 1,370,000. NEX Group has a 1-year low of GBX 5.63 ($0.08) and a 1-year 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.
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