National Express Group PLC’s (LON:NEX) “Buy” Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC restated their buy rating on shares of National Express Group PLC (LON:NEX) in a report issued on Friday morning. Jefferies Group LLC currently has a GBX 430 ($5.67) target price on the stock.
Several other research analysts also recently weighed in on NEX. Royal Bank Of Canada upped their price target on National Express Group PLC from GBX 405 ($5.34) to GBX 440 ($5.80) and gave the stock an outperform rating in a research note on Wednesday, April 5th. Liberum Capital restated a buy rating and issued a GBX 400 ($5.28) price target on shares of National Express Group PLC in a research note on Thursday, April 6th. HSBC Holdings plc upped their price target on National Express Group PLC from GBX 400 ($5.28) to GBX 440 ($5.80) and gave the stock a buy rating in a research note on Friday, April 28th. Shore Capital reiterated a sell rating on shares of National Express Group PLC in a research report on Wednesday, May 10th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 432 ($5.70) target price on shares of National Express Group PLC in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 404.36 ($5.33).
National Express Group PLC (LON:NEX) opened at 367.30 on Friday. The stock’s market capitalization is GBX 1.87 billion. National Express Group PLC has a 1-year low of GBX 325.50 and a 1-year high of GBX 389.00. The firm’s 50 day moving average is GBX 366.43 and its 200 day moving average is GBX 358.14.
The business also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 31st will be given a GBX 4.26 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a yield of 1.16%.
In related news, insider Matthew Ashley purchased 2,696 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was bought 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 stock in a transaction that occurred on Thursday, May 25th. The stock was bought at an average price of GBX 479 ($6.32) per share, with a total value of £4,790 ($6,318.43).
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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