National Express Group PLC PT Lowered to GBX 280 (NEX)
Equities researchers at Nomura cut their price target on shares of National Express Group PLC (LON:NEX) from GBX 285 ($4.78) to GBX 280 ($4.70) in a research report issued on Monday. The firm currently has a “neutral” rating on the stock. Nomura’s price target indicates a potential upside of 9.29% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated a “neutral” rating on shares of National Express Group PLC in a research note on Thursday, July 31st. They now have a GBX 285 ($4.78) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of National Express Group PLC in a research note on Wednesday, July 30th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of National Express Group PLC in a research note on Wednesday, July 30th. They now have a GBX 340 ($5.70) price target on the stock. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 293.09 ($4.92).
National Express Group PLC (LON:NEX) traded up 0.20% on Monday, hitting GBX 256.70. The stock had a trading volume of 367,259 shares. National Express Group PLC has a 52-week low of GBX 244.70 and a 52-week high of GBX 307.70. The stock’s 50-day moving average is GBX 261.4 and its 200-day moving average is GBX 277.2. The company’s market cap is £1.312 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of GBX 3.35 ($0.06) per share. This represents a dividend yield of 1.28%. The ex-dividend date 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.