A number of other research firms also recently commented on NXG. Barclays reiterated an overweight rating and issued a GBX 730 ($10.25) target price on shares of NEX Group in a research report on Friday, February 2nd. Shore Capital reiterated a sell rating on shares of NEX Group in a research report on Thursday, February 1st. Liberum Capital reiterated a buy rating and issued a GBX 679 ($9.53) target price on shares of NEX Group in a research report on Thursday, February 1st. Morgan Stanley reiterated an equal weight rating on shares of NEX Group in a research report on Wednesday, March 28th. Finally, Numis Securities boosted their target price on NEX Group from GBX 550 ($7.72) to GBX 570 ($8.00) and gave the stock a hold rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 682.38 ($9.58).
Shares of LON NXG traded down GBX 11 ($0.15) during mid-day trading on Thursday, reaching GBX 993 ($13.94). The company’s stock had a trading volume of 1,591,445 shares, compared to its average volume of 1,370,000. NEX Group has a 52 week low of GBX 5.63 ($0.08) and a 52 week high of GBX 690.25 ($9.69).
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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