NEX Group PLC (NXG) Receives Average Recommendation of “Hold” from Brokerages

NEX Group PLC (LON:NXG) has earned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 697.50 ($9.11).

Separately, Morgan Stanley lifted their price target on NEX Group from GBX 680 ($8.89) to GBX 705 ($9.21) and gave the company an “equal weight” rating in a research note on Friday, September 14th.

NEX Group stock opened at GBX 1,047 ($13.68) on Tuesday. NEX Group has a 1-year low of GBX 5.63 ($0.07) and a 1-year high of GBX 690.25 ($9.02).

About NEX Group

NEX Group plc delivers pricing, analytics, index, and regulatory reporting solutions to various clients worldwide. The company operates through NEX Markets, NEX Optimisation, and NEX Group and other segments. Its pricing and analytics services provide various products in foreign exchange (FX), such as EBS Ticker and EBS Rates real-time feeds, EBS non-deliverable forwards, and Premium FX Feed, a proprietary direct feed of live and streaming prices derived from a selected range of sources, as well as FX Currency Options TFS-ICAP; BrokerTec European Repo and RepoPX data services in money markets; fixed income data services through various electronic platforms; and CFETS-NEX, which offers real-time, end-of-day, and historical market data from onshore China interdealer brokers.

See Also: Initial Public Offering (IPO)

Analyst Recommendations for NEX Group (LON:NXG)

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