HSBC Downgrades National Express Group to Neutral (NEX)
National Express Group (LON:NEX) was downgraded by equities research analysts at HSBC to a “neutral” rating in a research note issued to investors on Thursday, Stock Ratings Network reports. They currently have a GBX 300 ($4.94) price target on the stock, up from their previous price target of GBX 290 ($4.78). HSBC’s price target would suggest a potential upside of 2.39% from the stock’s previous close.
Shares of National Express Group (LON:NEX) remained flat at GBX 293.00 during trading on Thursday. The stock had a trading volume of 460,422 shares. National Express Group has a one year low of GBX 189.20 and a one year high of GBX 305.40. The stock has a 50-day moving average of GBX 273.3 and a 200-day moving average of GBX 260.6. The company’s market cap is £1.497 billion.
A number of other firms have also recently commented on NEX. Analysts at Liberum Capital reiterated a “hold” rating on shares of National Express Group in a research note to investors on Friday, January 10th. They now have a GBX 255 ($4.20) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of National Express Group in a research note to investors on Tuesday, December 24th. They now have a GBX 240 ($3.96) price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of National Express Group from GBX 260 ($4.28) to GBX 290 ($4.78) in a research note to investors on Tuesday, December 17th. They now have an “outperform” rating on the stock. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. National Express Group presently has a consensus rating of “Hold” and a consensus price target of GBX 265.32 ($4.37).
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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