NEX Group PLC (LON:NXG) insider Stuart J. Bridges purchased 25,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of GBX 605 ($7.81) per share, with a total value of £151,250 ($195,236.87).
Shares of NEX Group PLC (LON:NXG) traded up 2.79% during trading on Friday, hitting GBX 644.50. The stock had a trading volume of 1,357,914 shares. NEX Group PLC has a 12-month low of GBX 361.50 and a 12-month high of GBX 648.00. The firm’s market cap is GBX 2.39 billion. The stock has a 50-day moving average of GBX 597.46 and a 200 day moving average of GBX 541.49.
The company also recently announced a dividend, which will be paid on Friday, July 21st. Shareholders of record on Thursday, June 29th will be issued a dividend of GBX 27 ($0.35) per share. This represents a yield of 4.47%. The ex-dividend date is Thursday, June 29th.
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A number of equities analysts have recently weighed in on the company. Shore Capital reiterated a “hold” rating on shares of NEX Group PLC in a report on Wednesday, February 15th. Barclays PLC restated an “overweight” rating and set a GBX 615 ($7.94) target price on shares of NEX Group PLC in a report on Monday, March 27th. Liberum Capital restated an “under review” rating and set a GBX 638 ($8.24) target price on shares of NEX Group PLC in a report on Monday. Citigroup Inc restated a “neutral” rating on shares of NEX Group PLC in a report on Tuesday, May 9th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 500 ($6.45) target price on shares of NEX Group PLC in a report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 594.60 ($7.68).
About NEX Group PLC
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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