NEX Group PLC’s (NXG) Hold Rating Reiterated at Numis Securities Ltd

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.

Analyst Recommendations for NEX Group PLC (LON:NXG)

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