The Insider Buying: NEX Group PLC (NXG) Insider Acquires £117,905 in Stock

The Insider Buying: NEX Group PLC (NXG) Insider Acquires £117,905 in Stock

NEX Group PLC (LON:NXG) insider Michael Alan Spencer acquired 23,581 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were acquired at an average price of GBX 500 ($6.24) per share, with a total value of £117,905 ($147,142.14).

Michael Alan Spencer also recently made the following trade(s):

NEX Group PLC (LON:NXG) opened at 567.00 on Tuesday. NEX Group PLC has a 52 week low of GBX 445.10 and a 52 week high of GBX 572.00. The company has a 50-day moving average price of GBX 493.94 and a 200-day moving average price of GBX 476.30. The stock’s market cap is GBX 2.11 billion.

A number of brokerages recently issued reports on NXG. Macquarie restated a “neutral” rating on shares of NEX Group PLC in a research note on Tuesday, January 10th. BNP Paribas began coverage on NEX Group PLC in a research note on Monday, January 9th. They issued an “outperform” rating and a GBX 530 ($6.61) target price for the company. Finally, Barclays PLC raised their target price on NEX Group PLC from GBX 550 ($6.86) to GBX 615 ($7.68) and gave the stock an “overweight” rating in a research note on Thursday, January 12th.

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