National Express Group Rating Lowered to Neutral at Citigroup Inc. (NEX)
National Express Group (LON:NEX) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, ARN reports. They currently have a GBX 283 ($4.49) target price on the stock, up from their previous target price of GBX 221 ($3.51). Citigroup Inc.’s target price suggests a potential upside of 6.71% from the stock’s previous close.
National Express Group (LON:NEX) traded down 3.28% during mid-day trading on Wednesday, hitting GBX 265.20. The stock had a trading volume of 595,733 shares. National Express Group has a 1-year low of GBX 162.90 and a 1-year high of GBX 277.50. The stock’s 50-day moving average is GBX 262.9 and its 200-day moving average is GBX 226.. The company’s market cap is £1.355 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of National Express Group (LON:NEX) from GBX 219 ($3.48) to GBX 280 ($4.45) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of National Express Group (LON:NEX) in a research note to investors on Friday, August 30th. They now have a GBX 285 ($4.53) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of National Express Group (LON:NEX) from GBX 235 ($3.73) to GBX 285 ($4.53) in a research note to investors on Monday, August 12th. They now have an “overweight” rating on the stock.
Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 249.91 ($3.97).
National Express Group PLC is the holding company of the National Express Group of companies. Its subsidiary companies provide mass passenger transport services in the United Kingdom and overseas.
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