Network International (LON:NETW) had its price objective raised by investment analysts at Goldman Sachs Group from GBX 440 ($5.41) to GBX 500 ($6.15) in a research note issued to investors on Monday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s target price suggests a potential upside of 12.11% from the company’s previous close.
Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Network International from GBX 595 ($7.32) to GBX 550 ($6.77) and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Berenberg Bank lifted their price target on shares of Network International from GBX 560 ($6.89) to GBX 650 ($8.00) and gave the company a “buy” rating in a report on Thursday, June 25th. Barclays lowered their price target on shares of Network International from GBX 640 ($7.88) to GBX 520 ($6.40) and set an “overweight” rating on the stock in a report on Tuesday, March 10th. Liberum Capital reduced their price objective on shares of Network International from GBX 515 ($6.34) to GBX 505 ($6.21) and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Citigroup reiterated a “buy” rating and set a GBX 670 ($8.25) price objective on shares of Network International in a research report on Tuesday, June 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 546.43 ($6.72).
Shares of LON:NETW opened at GBX 446 ($5.49) on Monday. The company has a debt-to-equity ratio of 163.60, a current ratio of 0.81 and a quick ratio of 0.66. Network International has a 1-year low of GBX 317 ($3.90) and a 1-year high of GBX 656 ($8.07). The company has a market capitalization of $2.22 billion and a P/E ratio of 38.78. The firm’s 50 day simple moving average is GBX 439.52 and its two-hundred day simple moving average is GBX 498.87.
About Network International
Network International Holdings plc operates as a digital commerce enabler in the Middle East and Africa. The company provides technology-enabled payments solutions to merchants and financial institutions. It offers issuer solutions, including customer onboarding, card issuing, core processing, scheme and settlement reconciliation, and chargeback and dispute management service; and merchant solutions comprising payment acceptance products and solutions to merchants through direct merchant acquiring and acquirer processing solutions.
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