The NEX Group PLC (NXG) Earns Sell Rating from Shore Capital

The NEX Group PLC (NXG) Earns Sell Rating from Shore Capital

NXG has been the subject of a number of other reports. Citigroup Inc restated a neutral rating on shares of NEX Group PLC in a research report on Tuesday, May 9th. BNP Paribas reaffirmed an outperform rating and set a GBX 610 ($7.84) target price on shares of NEX Group PLC in a research note on Tuesday, January 31st. Liberum Capital reaffirmed an under review rating on shares of NEX Group PLC in a research note on Wednesday, February 15th. Barclays PLC reissued an overweight rating and issued a GBX 615 ($7.90) price objective on shares of NEX Group PLC in a research note on Monday, March 27th. Finally, Numis Securities Ltd reissued a hold rating and issued a GBX 500 ($6.42) price objective on shares of NEX Group PLC in a research note on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 620.60 ($7.97).

Shore Capital reissued their sell rating on shares of NEX Group PLC (LON:NXG) in a research report report published on Monday, May 15th.

The business also recently announced a dividend, which will be paid on Friday, July 21st. Investors of record on Thursday, June 29th will be given a dividend of GBX 27 ($0.35) per share. The ex-dividend date is Thursday, June 29th. This represents a dividend yield of 4.47%. In other NEX Group PLC news, insider Charles Gregson purchased 9,309 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average cost of GBX 663 ($8.52) per share, for a total transaction of £61,718.67 ($79,278.96). Also, insider Stuart J. Bridges purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of GBX 605 ($7.77) per share, for a total transaction of £151,250 ($194,283.88).

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:NXG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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