Network International Holdings plc (LON:NETW) Receives Consensus Rating of “Buy” from Brokerages

Network International Holdings plc (LON:NETW – Get Rating) has earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 442.50 ($5.45).

NETW has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Network International in a research note on Wednesday, April 6th. Citigroup dropped their price target on shares of Network International from GBX 550 ($6.78) to GBX 505 ($6.23) and set a “buy” rating for the company in a research note on Monday, March 14th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 ($5.55) price target on shares of Network International in a research note on Thursday, April 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Network International in a research note on Wednesday, May 11th. Finally, Barclays reiterated an “overweight” rating and set a GBX 355 ($4.38) price objective on shares of Network International in a research report on Thursday.

LON:NETW traded down GBX 1.60 ($0.02) on Friday, hitting GBX 219.20 ($2.70). The company had a trading volume of 224,306 shares, compared to its average volume of 977,977. The stock has a market capitalization of £1.23 billion and a price-to-earnings ratio of 26.10. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 82.87. The firm has a 50 day moving average of GBX 247.83 and a two-hundred day moving average of GBX 261.18. Network International has a 52 week low of GBX 152.90 ($1.88) and a 52 week high of GBX 415.10 ($5.12).

In other news, insider Diane Radley acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The stock was bought at an average cost of GBX 214 ($2.64) per share, for a total transaction of £32,100 ($39,571.01).

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, which include payment solutions, such as N-Genius payment device, N-Genius mini payment device, and On-the-Go payment device; retail integrated and hospitality solutions; and N-Genius online, buy now pay later, and DPO pay online payment solutions.

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