Nexteq (LON:NXQ) Price Target Cut to GBX 200

Nexteq (LON:NXQ) had its price objective trimmed by Canaccord Genuity Group from GBX 300 ($3.88) to GBX 200 ($2.59) in a research note published on Wednesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Nexteq Stock Performance

Shares of LON NXQ opened at GBX 80 ($1.03) on Wednesday. The stock’s 50-day simple moving average is GBX 130.02 and its 200-day simple moving average is GBX 138.21. The firm has a market capitalization of £53.19 million, a PE ratio of 615.38 and a beta of 1.22. Nexteq has a fifty-two week low of GBX 74.95 ($0.97) and a fifty-two week high of GBX 160 ($2.07).

About Nexteq

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.