Investec Reiterates “Buy” Rating for National Express Group PLC (LON:NEX)
A number of other equities analysts have also recently issued reports on NEX. Jefferies Group LLC reiterated a buy rating and set a GBX 430 ($5.67) price objective on shares of National Express Group PLC in a research report on Friday. J P Morgan Chase & Co upped their price objective on shares of National Express Group PLC from GBX 404 ($5.33) to GBX 414 ($5.46) and gave the stock an overweight rating in a research report on Friday. Barclays PLC reiterated an overweight rating and set a GBX 385 ($5.08) price objective on shares of National Express Group PLC in a research report on Friday. Liberum Capital reiterated a buy rating and set a GBX 400 ($5.28) price objective on shares of National Express Group PLC in a research report on Thursday, July 27th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 432 ($5.70) price objective on shares of National Express Group PLC in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 404.36 ($5.33).
Shares of National Express Group PLC (NEX) opened at 367.30 on Friday. National Express Group PLC has a one year low of GBX 325.50 and a one year high of GBX 389.00. The firm’s market cap is GBX 1.87 billion. The company has a 50 day moving average of GBX 366.43 and a 200-day moving average of GBX 358.14.
The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 31st will be given a GBX 4.26 ($0.06) dividend. This represents a yield of 1.16%. The ex-dividend date is Thursday, August 31st.
In other National Express Group PLC news, insider Matthew Ashley purchased 2,696 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was purchased at an average cost of GBX 368 ($4.85) per share, for a total transaction of £9,921.28 ($13,087.03). Also, insider Elliott (Lee) Sander purchased 1,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was acquired at an average price of GBX 479 ($6.32) per share, with a total value of £4,790 ($6,318.43).
About National Express Group PLC
National Express Group PLC is an international transport company. The Company’s segments include UK Bus, UK Coach, German Rail, North America (operates school bus and transit services), Spain and Morocco (operates bus and coach services), and Central functions. The UK Bus segment’s services are operated from nine garages across the West Midlands.
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