Today, WL Ross Holding Corp (NXEO) Coverage Initiated by Analysts at Credit Suisse Group AG

Today, WL Ross Holding Corp (NXEO) Coverage Initiated by Analysts at Credit Suisse Group AG

Credit Suisse Group AG assumed coverage on shares of WL Ross Holding Corp (NASDAQ:NXEO) in a report issued on Monday morning. The brokerage issued a neutral rating and a $8.50 target price on the stock.

NXEO has been the subject of a number of other research reports. Deutsche Bank AG started coverage on WL Ross Holding Corp in a research report on Monday, August 15th. They set a buy rating and a $11.00 price target for the company. Jefferies Group started coverage on WL Ross Holding Corp in a research report on Friday, September 9th. They set a hold rating and a $10.00 price target for the company. Finally, Bank of America Corp. started coverage on WL Ross Holding Corp in a research report on Monday, June 27th. They set a buy rating for the company.

Shares of WL Ross Holding Corp (NASDAQ:NXEO) traded down 1.66% on Monday, hitting $7.72. The stock had a trading volume of 321 shares. The company’s 50 day moving average price is $8.43 and its 200-day moving average price is $9.22. WL Ross Holding Corp has a 12 month low of $7.43 and a 12 month high of $10.39. The company’s market cap is $689.29 million.

In related news, Director Thomas E. Zacharias acquired 4,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was acquired at an average price of $8.96 per share, with a total value of $35,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Bradley acquired 55,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was bought at an average cost of $8.81 per share, with a total value of $484,550.00. Following the acquisition, the insider now owns 55,000 shares in the company, valued at $484,550. The disclosure for this purchase can be found here.

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