Numis Securities Ltd reiterated their hold rating on shares of NEX Group PLC (LON:NXG) in a report published on Wednesday, MarketBeat reports. The firm currently has a GBX 550 ($7.12) price target on the stock.
Several other research firms also recently issued reports on NXG. Shore Capital restated a sell rating on shares of NEX Group PLC in a report on Wednesday, May 31st. Liberum Capital restated a hold rating and set a GBX 638 ($8.26) price objective on shares of NEX Group PLC in a report on Wednesday, May 31st. Barclays PLC lifted their price objective on NEX Group PLC from GBX 615 ($7.97) to GBX 745 ($9.65) and gave the stock an overweight rating in a report on Friday, June 2nd. Citigroup Inc. restated a neutral rating on shares of NEX Group PLC in a report on Tuesday, May 9th. Finally, BNP Paribas restated an outperform rating and set a GBX 620 ($8.03) price objective on shares of NEX Group PLC in a report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 630.60 ($8.17).
NEX Group PLC (LON NXG) opened at 650.00 on Wednesday. The stock’s market capitalization is GBX 2.42 billion. The firm has a 50-day moving average of GBX 643.78 and a 200 day moving average of GBX 576.84. NEX Group PLC has a 52 week low of GBX 445.10 and a 52 week high of GBX 677.00.
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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. The ex-dividend date of this dividend is Thursday, June 29th. This represents a dividend yield of 4.47%.
In other news, insider Michael Alan Spencer purchased 419,169 shares of the stock in a transaction dated Monday, July 3rd. The stock was acquired at an average cost of GBX 620 ($8.03) per share, for a total transaction of £2,598,847.80 ($3,366,383.16). 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 ($8.59) per share, with a total value of £61,718.67 ($79,946.46). Insiders bought a total of 607,159 shares of company stock valued at $376,463,867 over the last quarter.
NEX Group PLC 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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