Matthew Ashley Sells 40,278 Shares of National Express Group PLC (NEX) Stock
National Express Group PLC (LON:NEX) insider Matthew Ashley sold 40,278 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of GBX 359 ($4.43), for a total value of £144,598.02 ($178,582.22).
Shares of National Express Group PLC (LON:NEX) opened at 359.60 on Tuesday. The stock has a 50 day moving average of GBX 349.79 and a 200-day moving average of GBX 351.84. National Express Group PLC has a 52-week low of GBX 252.81 and a 52-week high of GBX 379.10. The firm’s market capitalization is GBX 1.83 billion.
The company also recently disclosed a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, April 27th will be paid a GBX 8.41 ($0.10) dividend. This is a positive change from National Express Group PLC’s previous dividend of $3.87. The ex-dividend date is Thursday, April 27th. This represents a yield of 2.4%.
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A number of equities research analysts have recently issued reports on the company. Liberum Capital restated a “hold” rating and set a GBX 370 ($4.57) price objective on shares of National Express Group PLC in a report on Friday, January 20th. HSBC Holdings plc restated a “buy” rating and set a GBX 400 ($4.94) price objective on shares of National Express Group PLC in a report on Thursday, January 12th. Deutsche Bank AG boosted their price objective on National Express Group PLC from GBX 365 ($4.51) to GBX 380 ($4.69) and gave the stock a “hold” rating in a report on Thursday, March 2nd. Canaccord Genuity restated a “buy” rating and set a GBX 432 ($5.34) price objective on shares of National Express Group PLC in a report on Wednesday, January 11th. Finally, JPMorgan Chase & Co. cut National Express Group PLC to a “neutral” rating and reduced their price objective for the stock from GBX 406 ($5.01) to GBX 358 ($4.42) in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. National Express Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 397.70 ($4.91).
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 include UK Bus, UK Coach, Rail, North America, Spain and Morocco, and Central functions. The UK Bus segment’s services are operated from nine garages across the West Midlands.
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