Network International (LON:NETW) had its target price increased by Barclays from GBX 585 ($7.64) to GBX 625 ($8.17) in a research note published on Friday morning, LSE.Co.UK reports. The firm currently has an overweight rating on the stock.
NETW has been the topic of several other research reports. Berenberg Bank reiterated a buy rating and issued a GBX 700 ($9.15) price objective on shares of Network International in a research note on Wednesday, August 14th. Liberum Capital reiterated a buy rating and issued a GBX 675 ($8.82) price objective (up previously from GBX 650 ($8.49)) on shares of Network International in a research note on Wednesday, August 14th. Goldman Sachs Group started coverage on shares of Network International in a research note on Tuesday, May 21st. They issued a buy rating and a GBX 650 ($8.49) price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Network International from GBX 560 ($7.32) to GBX 595 ($7.77) and gave the stock a neutral rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 649 ($8.48).
Shares of LON:NETW opened at GBX 573 ($7.49) on Friday. The business has a 50 day simple moving average of GBX 597.16. Network International has a twelve month low of GBX 490.50 ($6.41) and a twelve month high of GBX 630 ($8.23). The company has a market cap of $2.82 billion and a PE ratio of 0.01.
About Network International
Network International Holdings plc operates as a digital commerce enabler in the Middle East and Africa region. The company provides technology-enabled payments solutions to merchants and financial institutions. It offers issuer solutions, including card solutions, processing and card management solutions, and issuer solutions value added services; and merchant solutions comprising payment acceptance solutions, direct acquiring and acquirer processing solutions, and a range of value added services.
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