National Express Group PLC (NEX) Price Target Cut to GBX 390
National Express Group PLC (LON:NEX) had its target price lowered by Liberum Capital from GBX 400 ($5.39) to GBX 390 ($5.26) in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s target price suggests a potential upside of 11.91% from the company’s current price.
Several other equities analysts also recently commented on NEX. J P Morgan Chase & Co upgraded shares of National Express Group PLC to an “overweight” rating and boosted their price target for the stock from GBX 383 ($5.16) to GBX 404 ($5.45) in a research note on Wednesday, May 24th. Royal Bank Of Canada initiated coverage on shares of National Express Group PLC in a research note on Wednesday, May 31st. They issued a “sector perform” rating for the company. Shore Capital restated a “sell” rating on shares of National Express Group PLC in a research note on Wednesday, May 31st. Barclays PLC restated an “overweight” rating and issued a GBX 385 ($5.19) price target on shares of National Express Group PLC in a research note on Friday, July 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a GBX 430 ($5.80) price target on shares of National Express Group PLC in a research note on Friday, July 28th. One 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 company has an average rating of “Buy” and an average price target of GBX 403.45 ($5.44).
Shares of National Express Group PLC (LON:NEX) opened at 348.00 on Wednesday. The company’s market cap is GBX 1.77 billion. National Express Group PLC has a 12 month low of GBX 332.40 and a 12 month high of GBX 389.00. The firm’s 50-day moving average price is GBX 360.36 and its 200 day moving average price is GBX 362.47.
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In other news, insider Ashley Steel bought 5,888 shares of the stock in a transaction that occurred on Monday, September 4th. The stock was purchased at an average price of GBX 357 ($4.81) per share, for a total transaction of £21,020.16 ($28,340.52). Also, insider Dean K. Finch bought 14,200 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of GBX 347 ($4.68) per share, with a total value of £49,274 ($66,433.87).
National Express Group PLC Company Profile
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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