HSBC Reiterates Neutral Rating for National Express Group PLC (NEX)
National Express Group PLC (LON:NEX)‘s stock had its “neutral” rating restated by equities researchers at HSBC in a research report issued on Thursday. They currently have a GBX 285 ($4.84) price objective on the stock. HSBC’s target price would indicate a potential upside of 10.81% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of National Express Group PLC in a research note on Wednesday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of National Express Group PLC in a research note on Wednesday. They now have a GBX 340 ($5.77) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of National Express Group PLC in a research note on Wednesday. They now have a GBX 240 ($4.08) price target on the stock. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 293.55 ($4.98).
Shares of National Express Group PLC (LON:NEX) opened at 257.20 on Thursday. National Express Group PLC has a one year low of GBX 242.96 and a one 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.
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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