National Express Group PLC (LON:NEX) Given Average Rating of “Buy” by Analysts
National Express Group PLC (LON:NEX) has been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 407.33 ($5.37).
A number of analysts have recently issued reports on NEX shares. HSBC Holdings plc raised their target price on shares of 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. Royal Bank Of Canada assumed coverage on shares of National Express Group PLC in a research report on Wednesday, May 31st. They set a “sector perform” rating on the stock. J P Morgan Chase & Co raised shares of National Express Group PLC to an “overweight” rating and raised their price target for the stock from GBX 383 ($5.05) to GBX 404 ($5.33) in a research report on Wednesday, May 24th. Liberum Capital reaffirmed a “buy” rating and set a GBX 400 ($5.28) price target on shares of National Express Group PLC in a research report on Friday, June 9th. Finally, Shore Capital reaffirmed a “sell” rating on shares of National Express Group PLC in a research report on Wednesday, May 31st.
In other news, insider Elliott (Lee) Sander bought 1,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were purchased at an average cost of GBX 479 ($6.32) per share, with a total value of £4,790 ($6,318.43). Also, insider Matthew Ashley bought 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).
Shares of National Express Group PLC (LON NEX) traded down 0.27% during mid-day trading on Friday, reaching GBX 366.70. The company had a trading volume of 633,559 shares. The company’s 50-day moving average is GBX 366.58 and its 200 day moving average is GBX 358.37. National Express Group PLC has a 52-week low of GBX 325.50 and a 52-week high of GBX 389.00. The stock’s market capitalization is GBX 1.88 billion.
The company also recently announced a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 31st will be issued a GBX 4.26 ($0.06) dividend. This represents a yield of 1.16%. The ex-dividend date is Thursday, August 31st.
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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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