NEX Group PLC (NXG) Receives GBX 625.75 Consensus Target Price from Analysts

NEX Group PLC (LON:NXG) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 625.75 ($8.09).

A number of research firms have commented on NXG. Barclays PLC reissued an “overweight” rating and set a GBX 615 ($7.95) target price on shares of NEX Group PLC in a research report on Friday, February 17th. Liberum Capital reissued a “hold” rating and set a GBX 638 ($8.24) target price on shares of NEX Group PLC in a research report on Wednesday, May 31st. Numis Securities Ltd reissued a “hold” rating and set a GBX 500 ($6.46) target price on shares of NEX Group PLC in a research report on Wednesday, February 15th. Shore Capital reissued a “sell” rating on shares of NEX Group PLC in a research report on Wednesday, May 31st. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 620 ($8.01) target price on shares of NEX Group PLC in a research report on Thursday, February 16th.

Shares of NEX Group PLC (LON NXG) traded up 0.23% during trading on Monday, hitting GBX 650.50. 938,893 shares of the company traded hands. The company has a 50 day moving average price of GBX 628.36 and a 200 day moving average price of GBX 558.89. NEX Group PLC has a 52 week low of GBX 361.50 and a 52 week high of GBX 677.00. The company’s market capitalization is GBX 2.41 billion.

The company also recently declared a dividend, which will be paid on Friday, July 21st. Stockholders of record on Thursday, June 29th will be issued a GBX 27 ($0.35) dividend. This represents a dividend yield of 4.47%. The ex-dividend date is Thursday, June 29th.

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In other news, 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 cost of GBX 605 ($7.82) per share, for a total transaction of £151,250 ($195,438.69). Also, insider Charles Gregson purchased 9,309 shares of the stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of GBX 663 ($8.57) per share, for a total transaction of £61,718.67 ($79,750.19).

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:NXG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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