National Express Group PLC (NEX) Price Target Lowered to GBX 390 at Liberum Capital
National Express Group PLC (LON:NEX) had its target price reduced by Liberum Capital from GBX 400 ($5.39) to GBX 390 ($5.26) in a research report released on Wednesday morning. Liberum Capital currently has a buy rating on the stock.
A number of other equities analysts have also weighed in on the stock. Shore Capital reaffirmed a sell rating on shares of National Express Group PLC in a research note on Friday, August 18th. Investec reaffirmed a buy rating and issued a GBX 385 ($5.19) target price on shares of National Express Group PLC in a research note on Friday, July 28th. J P Morgan Chase & Co upped their target price on shares of National Express Group PLC from GBX 404 ($5.45) to GBX 414 ($5.58) and gave the stock an overweight rating in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 430 ($5.80) target price on shares of National Express Group PLC in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 385 ($5.19) target price 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 given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 403.45 ($5.44).
Shares of National Express Group PLC (NEX) opened at 348.50 on Wednesday. National Express Group PLC has a 52-week low of GBX 332.40 and a 52-week high of GBX 389.00. The firm’s market cap is GBX 1.78 billion. The company’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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The firm also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 31st will be paid a dividend of GBX 4.26 ($0.06) per share. The ex-dividend date is Thursday, August 31st. This represents a dividend yield of 1.16%.
In other news, insider Dean K. Finch bought 14,200 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were bought at an average cost of GBX 347 ($4.68) per share, with a total value of £49,274 ($66,433.87). Also, insider Ashley Steel bought 5,888 shares of the company’s stock in a transaction dated Monday, September 4th. The stock was purchased at an average cost of GBX 357 ($4.81) per share, for a total transaction of £21,020.16 ($28,340.52).
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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