RBC Capital Reiterates Outperform Rating for National Express Group PLC (NEX)
National Express Group PLC (LON:NEX)‘s stock had its “outperform” rating restated by RBC Capital in a research note issued on Tuesday. They currently have a GBX 320 ($5.37) price objective on the stock. RBC Capital’s price target would suggest a potential upside of 24.66% from the stock’s previous close.
Shares of National Express Group PLC (LON:NEX) traded up 0.31% on Tuesday, hitting GBX 257.50. The stock had a trading volume of 375,740 shares. National Express Group PLC has a one year low of GBX 244.70 and a one year high of GBX 307.70. The stock’s 50-day moving average is GBX 261.3 and its 200-day moving average is GBX 277.0. The company’s market cap is £1.316 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Shareholders 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.
A number of other analysts have also recently weighed in on NEX. Analysts at Nomura cut their price target on shares of National Express Group PLC from GBX 285 ($4.78) to GBX 280 ($4.70) in a research note on Monday. They now have a “neutral” rating on the stock. Separately, 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. Finally, analysts at Investec reiterated a “hold” rating on shares of National Express Group PLC in a research note on Wednesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 291.27 ($4.89).
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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