National Express Group PLC (NEX) Receives Average Rating of “Buy” from Brokerages
Shares of National Express Group PLC (LON:NEX) have been given an average recommendation of “Buy” by the thirteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 407.33 ($5.26).
A number of research firms have weighed in on NEX. Barclays PLC reaffirmed an “overweight” rating and set a GBX 385 ($4.97) price target on shares of National Express Group PLC in a research note on Friday, July 28th. J P Morgan Chase & Co raised shares of National Express Group PLC to an “overweight” rating and increased their price target for the stock from GBX 383 ($4.95) to GBX 404 ($5.22) in a research note on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 430 ($5.55) price target on shares of National Express Group PLC in a research note on Friday, July 28th. Royal Bank Of Canada began coverage on shares of National Express Group PLC in a research note on Wednesday, May 31st. They set a “sector perform” rating on the stock. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 400 ($5.17) price target on shares of National Express Group PLC in a research note on Thursday, July 27th.
Shares of National Express Group PLC (NEX) opened at 347.50 on Friday. National Express Group PLC has a 52-week low of GBX 332.40 and a 52-week high of GBX 382.67. The stock’s 50 day moving average is GBX 361.15 and its 200 day moving average is GBX 362.61. The stock’s market cap is GBX 1.77 billion.
The business also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 31st will be given a dividend of GBX 4.26 ($0.06) per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a dividend yield of 1.16%.
In other news, insider Dean K. Finch sold 130,703 shares of National Express Group PLC stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of GBX 367 ($4.74), for a total value of £479,680.01 ($619,501.50). Also, insider Ashley Steel bought 5,888 shares of the company’s stock in a transaction dated Monday, September 4th. The stock was purchased at an average cost of GBX 357 ($4.61) per share, for a total transaction of £21,020.16 ($27,147.31).
About National Express Group PLC
National Express Group PLC is an international transport company. The Company’s segments include UK Bus, UK Coach, German Rail, North America (operates school bus and transit services), Spain and Morocco (operates bus and coach services), and Central functions. The UK Bus segment’s services are operated from nine garages across the West Midlands.
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