Network International (LON:NETW) Price Target Raised to GBX 355 at Barclays

Network International (LON:NETWGet Rating) had its price target hoisted by equities researchers at Barclays from GBX 340 ($4.25) to GBX 355 ($4.43) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 42.46% from the company’s current price.

NETW has been the subject of several other research reports. Morgan Stanley cut their price objective on shares of Network International from GBX 460 ($5.75) to GBX 440 ($5.50) and set an “overweight” rating for the company in a research report on Friday, March 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 ($5.62) price objective on shares of Network International in a research report on Thursday, April 28th. Citigroup cut their price objective on shares of Network International from GBX 550 ($6.87) to GBX 505 ($6.31) and set a “buy” rating for the company in a research report on Monday, March 14th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Network International in a research report on Wednesday, April 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 446.67 ($5.58).

NETW opened at GBX 249.20 ($3.11) on Thursday. Network International has a twelve month low of GBX 152.90 ($1.91) and a twelve month high of GBX 415.10 ($5.19). The company has a 50-day simple moving average of GBX 242.30 and a 200 day simple moving average of GBX 270.31. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 82.87. The stock has a market capitalization of £1.40 billion and a price-to-earnings ratio of 30.02.

In other Network International news, insider Diane Radley bought 15,000 shares of the stock in a transaction on Tuesday, March 15th. The stock was purchased at an average price of GBX 214 ($2.67) per share, with a total value of £32,100 ($40,099.94).

About Network International (Get Rating)

Network International Holdings plc operates as a digital commerce enabler in the Middle East and Africa. The company provides technology-enabled payment solutions to merchants and financial institutions. It offers merchant solutions comprise direct acquiring services that enable merchants to accept digital payments; acquirer processing services for bank customers on behalf of their merchants; payment acceptance solutions; merchant loyalty programs and management; and value-added services, including customer data analytics, dynamic currency conversion, and payment plans.

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