Deutsche Bank Reiterates “Hold” Rating for National Express Group PLC (NEX)
National Express Group PLC (LON:NEX)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Wednesday. They currently have a GBX 240 ($4.08) price target on the stock. Deutsche Bank’s price objective would indicate a potential downside of 6.69% from the company’s current price.
National Express Group PLC (LON:NEX) opened at 257.20 on Wednesday. National Express Group PLC has a 1-year low of GBX 242.96 and a 1-year high of GBX 309.27. The stock has a 50-day moving average of GBX 262.2 and a 200-day moving average of GBX 278.9. The company’s market cap is £1.315 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Shareholders of record on Wednesday, September 3rd will be given a dividend of GBX 3.35 ($0.06) per share. This represents a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of other firms have also recently commented on NEX. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of National Express Group PLC in a research note on Monday, June 30th. They now have a GBX 297 ($5.04) price target on the stock. Separately, analysts at Liberum Capital upgraded shares of National Express Group PLC to a “buy” rating in a research note on Monday, June 30th. They now have a GBX 300 ($5.09) price target on the stock, up previously from GBX 290 ($4.92). Finally, analysts at Jefferies Group raised their price target on shares of National Express Group PLC from GBX 320 ($5.43) to GBX 330 ($5.60) in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. National Express Group PLC has an average rating of “Hold” and an average price target of GBX 293.55 ($4.98).
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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