NEX Group PLC (NXG) Receives “Hold” Rating from Numis Securities Ltd

NEX Group PLC (LON:NXG)‘s stock had its “hold” rating restated by research analysts at Numis Securities Ltd in a note issued to investors on Wednesday. They currently have a GBX 500 ($6.25) price target on the stock. Numis Securities Ltd’s price target indicates a potential downside of 12.97% from the company’s current price.

A number of other equities analysts have also recently commented on NXG. BNP Paribas started coverage on shares of NEX Group PLC in a research report on Monday, January 9th. They issued an “outperform” rating and a GBX 530 ($6.62) target price on the stock. Macquarie reiterated a “neutral” rating on shares of NEX Group PLC in a research report on Tuesday, January 10th. Barclays PLC lifted their target price on shares of NEX Group PLC from GBX 550 ($6.87) to GBX 615 ($7.69) and gave the stock an “overweight” rating in a research report on Thursday, January 12th. Shore Capital reiterated a “hold” rating on shares of NEX Group PLC in a research report on Wednesday. Finally, Liberum Capital reiterated an “under review” rating on shares of NEX Group PLC in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 575 ($7.19).

NEX Group PLC (LON:NXG) traded down 4.00% during trading on Wednesday, hitting GBX 551.50. 2,228,853 shares of the stock were exchanged. NEX Group PLC has a 52 week low of GBX 445.10 and a 52 week high of GBX 582.50. The stock has a 50 day moving average of GBX 520.99 and a 200-day moving average of GBX 484.70. The stock’s market cap is GBX 2.05 billion.

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In other news, insider Michael Alan Spencer acquired 53,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were purchased at an average price of GBX 470 ($5.87) per share, for a total transaction of £249,100 ($311,297.18). Also, insider Stuart J. Bridges acquired 35,000 shares of the firm’s stock in a transaction on Friday, December 16th. The stock was purchased at an average price of GBX 485 ($6.06) per share, for a total transaction of £169,750 ($212,134.47). Insiders acquired 351,965 shares of company stock worth $169,514,166 in the last 90 days.

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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