National Express Group PLC (NEX) Coverage Initiated at Canaccord Genuity
Canaccord Genuity started coverage on shares of National Express Group PLC (LON:NEX) in a report released on Monday. The brokerage set a “buy” rating and a GBX 427 ($5.57) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 21.31% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Jefferies Group raised their price objective on National Express Group PLC from GBX 370 ($4.83) to GBX 405 ($5.29) and gave the company a “buy” rating in a report on Tuesday, August 30th. Liberum Capital reissued a “hold” rating and set a GBX 340 ($4.44) price objective on shares of National Express Group PLC in a report on Thursday, July 28th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 420 ($5.48) price objective on shares of National Express Group PLC in a report on Monday, June 27th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 365 ($4.76) price objective on shares of National Express Group PLC in a report on Monday, June 20th. Finally, JPMorgan Chase & Co. raised their price objective on National Express Group PLC from GBX 397 ($5.18) to GBX 406 ($5.30) and gave the company an “overweight” rating in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 351.50 ($4.59).
National Express Group PLC (LON:NEX) opened at 352.50 on Monday. The company’s market capitalization is GBX 1.80 billion. National Express Group PLC has a 12-month low of GBX 252.81 and a 12-month high of GBX 364.20. The firm’s 50 day moving average price is GBX 348.94 and its 200-day moving average price is GBX 332.67.
The business also recently declared a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be paid a GBX 3.87 ($0.05) dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 1.15%.
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 are UK Bus, UK Coach, Rail, North America, Spain and Morocco, and Central functions. The UK Bus segment’s services are operated from over nine garages across the West Midlands.
Receive News & Ratings for National Express Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Express Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.