Canaccord Genuity Group Reiterates Buy Rating for Nexteq (LON:NXQ)

Canaccord Genuity Group reaffirmed their buy rating on shares of Nexteq (LON:NXQ) in a report released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 300 ($3.73) price objective on the stock.

Nexteq Stock Down 2.0 %

Shares of NXQ stock opened at GBX 150 ($1.87) on Tuesday. The company’s fifty day simple moving average is GBX 149.19 and its 200-day simple moving average is GBX 123.19. The firm has a market cap of £99.81 million, a PE ratio of 1,153.85 and a beta of 1.19. Nexteq has a 12 month low of GBX 92 ($1.15) and a 12 month high of GBX 178 ($2.22).

Nexteq Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 3.30 ($0.04) per share. This is a positive change from Nexteq’s previous dividend of $3.00. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, July 25th. Nexteq’s dividend payout ratio is 2,307.69%.

Insiders Place Their Bets

In other Nexteq news, insider Johan Olivier sold 11,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of GBX 151 ($1.88), for a total value of £16,610 ($20,677.21). Insiders own 43.41% of the company’s stock.

Nexteq Company Profile

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.