Deutsche Bank AG Begins Coverage on National Express Group PLC (NEX)
Deutsche Bank AG assumed coverage on shares of National Express Group PLC (LON:NEX) in a report released on Wednesday. The firm set a “hold” rating and a GBX 365 ($4.76) price target on the stock. Deutsche Bank AG’s price objective points to a potential upside of 5.22% from the company’s current price.
Several other equities research analysts have also recently issued reports on NEX. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 420 ($5.48) target price on shares of National Express Group PLC in a report on Monday, June 27th. JPMorgan Chase & Co. raised their target price on shares of National Express Group PLC from GBX 362 ($4.73) to GBX 397 ($5.18) and gave the stock an “overweight” rating in a report on Friday, July 1st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 365 ($4.76) target price on shares of National Express Group PLC in a report on Monday, June 20th. Jefferies Group raised their target price on shares of National Express Group PLC from GBX 370 ($4.83) to GBX 405 ($5.29) and gave the stock a “buy” rating in a report on Tuesday, August 30th. Finally, Canaccord Genuity assumed coverage on shares of National Express Group PLC in a report on Monday. They issued a “buy” rating and a GBX 427 ($5.57) target price on the stock. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 361.08 ($4.71).
Shares of National Express Group PLC (LON:NEX) traded down 1.45% during trading on Wednesday, hitting GBX 346.90. The stock had a trading volume of 512,453 shares. The stock has a 50 day moving average of GBX 349.05 and a 200 day moving average of GBX 332.62. National Express Group PLC has a 52-week low of GBX 252.81 and a 52-week high of GBX 364.20. The firm’s market cap is GBX 1.77 billion.
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The business also recently declared a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be issued a GBX 3.87 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 1.15%.
About National Express Group PLC
National Express Group PLC is a public transport operator with bus, coach and rail services in the United Kingdom, Continental Europe, North Africa, North America and the Middle East. The Company’s segments are UK Bus, UK Coach, Rail, North America, Spain and Morocco, and Central functions. The UK Bus segment’s services are operated from over nine garages across the West Midlands.
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