Nexi (OTCMKTS:NEXXY) PT Raised to €11.25

Nexi (OTCMKTS:NEXXYGet Rating) had its price objective upped by Credit Suisse Group from €10.50 ($10.82) to €11.25 ($11.60) in a research report report published on Friday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on NEXXY. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Nexi from €16.00 ($16.49) to €12.50 ($12.89) and set a buy rating on the stock in a research note on Friday, July 15th. Barclays cut their price target on shares of Nexi from €12.50 ($12.89) to €11.00 ($11.34) in a report on Monday, July 18th. Finally, Morgan Stanley cut their price target on shares of Nexi from €13.00 ($13.40) to €10.00 ($10.31) in a report on Wednesday, September 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $10.95.

Nexi Price Performance

NEXXY opened at $9.90 on Friday. The company’s 50 day simple moving average is $8.59 and its two-hundred day simple moving average is $8.81. Nexi has a 1-year low of $7.43 and a 1-year high of $17.80.

Nexi Company Profile

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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.

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