Network International Holdings plc (LON:NETW) receives an average “buy” recommendation from brokerages
Shares of Network International Holdings plc (LON:NETW – Get Rating) have been assigned a consensus “Buy” recommendation by the six ratings firms that currently cover the company, Marketbeat Ratings reports. Six research analysts rated the stock with a Buy rating. The year-over-year average price target among analysts who have updated their coverage of the stock over the past year is 438 GBX ($5.29).
A number of stock analysts have recently commented on the stock. Morgan Stanley reissued an “overweight” rating on Network International shares in a Wednesday, May 11 report. Barclays raised its price target on Network International shares from 290 GBX ($3.50) to 305 GBX ($3.69) and gave the company an “overweight” rating in a Friday, August 12 report . JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a target price of 470 GBX ($5.68) on shares of Network International in a Monday, July 18 report. Finally, Berenberg Bank reaffirmed a “buy” rating and set a target price of 450 GBX ($5.44) on Network International shares in a Friday, August 12 report.
Network International Price Performance
Shares of LON:NETW opened at 233.20 GBX ($2.82) on Friday. The company’s fifty-day moving average price is 203.85 GBX and its 200-day moving average price is 221.46 GBX. The company has a market cap of £1.31 billion and a price to earnings ratio of 2,120.00. Network International has a one-year minimum of 152.90 GBX ($1.85) and a one-year maximum of 396.40 GBX ($4.79). The company has a debt ratio of 64.10, a current ratio of 1.41 and a quick ratio of 1.12.
About International Network
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Network International Holdings plc operates as a catalyst for digital commerce in the Middle East and Africa. The company provides technology-based 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; integrated retail and hospitality solutions; and N-Genius online, buy now, pay later and DPO pays online payment solutions.
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