Deutsche Bank AG Begins Coverage on National Express Group PLC (NEX)
Analysts at Deutsche Bank AG started coverage on shares of National Express Group PLC (LON:NEX) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating and a GBX 365 ($4.76) price target on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 3.69% from the company’s previous close.
A number of other analysts have also recently issued reports on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 420 ($5.48) price objective on shares of National Express Group PLC in a research note on Monday, June 27th. JPMorgan Chase & Co. increased their price objective 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 research note on Friday, July 1st. Jefferies Group upped 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 research report on Tuesday, August 30th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 365 ($4.76) target price on shares of National Express Group PLC in a research report on Monday, June 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of National Express Group PLC in a research report on Friday, July 1st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. National Express Group PLC currently has a consensus rating of “Buy” and an average price target of GBX 361.08 ($4.71).
National Express Group PLC (LON:NEX) opened at 350.00 on Wednesday. National Express Group PLC has a 52-week low of GBX 252.81 and a 52-week high of GBX 364.20. The firm has a 50 day moving average of GBX 348.94 and a 200-day moving average of GBX 332.67. The stock’s market cap is GBX 1.79 billion.
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The company also recently announced a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be issued a GBX 3.87 ($0.05) dividend. The ex-dividend date is Thursday, September 1st. This represents a dividend 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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