National Express Group PLC (NEX) Now Covered by Canaccord Genuity
Equities research analysts at Canaccord Genuity began coverage on shares of National Express Group PLC (LON:NEX) in a research report issued on Monday. The firm set a “buy” rating and a GBX 427 ($5.69) price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 23.52% from the stock’s current price.
A number of other research analysts also recently issued reports on NEX. JPMorgan Chase & Co. upgraded shares of National Express Group PLC to an “overweight” rating and raised their price target for the stock from GBX 335 ($4.46) to GBX 362 ($4.82) in a research report on Wednesday, May 25th. Liberum Capital restated a “hold” rating and issued a GBX 340 ($4.53) price target on shares of National Express Group PLC in a research report on Monday, May 23rd. Jefferies Group restated a “buy” rating on shares of National Express Group PLC in a research report on Monday, May 23rd. Royal Bank Of Canada raised their price target on shares of National Express Group PLC from GBX 365 ($4.86) to GBX 370 ($4.93) and gave the stock an “outperform” rating in a research report on Friday, July 29th. Finally, Barclays PLC restated an “overweight” rating and issued a GBX 385 ($5.13) price target on shares of National Express Group PLC in a research report on Wednesday, July 20th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. National Express Group PLC presently has a consensus rating of “Buy” and an average target price of GBX 351.50 ($4.68).
Shares of National Express Group PLC (LON:NEX) opened at 345.10 on Monday. National Express Group PLC has a one year low of GBX 252.81 and a one year high of GBX 364.20. The stock’s market cap is GBX 1.76 billion. The firm has a 50 day moving average of GBX 348.17 and a 200 day moving average of GBX 332.37.
The firm also recently disclosed a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be paid a GBX 3.87 ($0.05) dividend. The ex-dividend date is Thursday, September 1st. This represents a dividend yield of 1.15%.
About National Express Group PLC
National Express Group PLC is a public transport operator with bus, coach and rail services in the United Kingdom, Continental Europe, North Africa, North America and the Middle East. The Company’s segments are UK Bus, UK Coach, Rail, North America, Spain and Morocco, and Central functions. The UK Bus segment’s services are operated from over nine garages across the West Midlands.
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