Nexi S.p.A. (OTCMKTS:NEXXY) Given Average Recommendation of “Buy” by Analysts

Nexi S.p.A. (OTCMKTS:NEXXY – Get Rating) has received a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.50.

Several research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Nexi in a research note on Tuesday, February 22nd. They issued an “equal weight” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Nexi from $2.00 to $1.00 and set a “buy” rating on the stock in a research note on Tuesday, January 25th. Finally, Bryan, Garnier & Co assumed coverage on shares of Nexi in a report on Tuesday, March 15th. They set a “buy” rating on the stock.

NEXXY stock traded down $0.16 during trading on Friday, hitting $9.69. The company had a trading volume of 12,524 shares, compared to its average volume of 37,330. Nexi has a 52-week low of $9.05 and a 52-week high of $23.48. The company has a 50 day simple moving average of $11.00 and a 200-day simple moving average of $14.16.

Nexi Company Profile (Get Rating)

Nexi S.p.A. provides electronic money and payment services to banks, financial and insurance institutions, merchants, businesses, and public administration in Italy. The company offers acquiring services; configuration, activation, and maintenance of POS terminals; fraud prevention; and dispute management services, as well as customer support services.

See Also