National Express Group PLC (NEX) Given Buy Rating at HSBC Holdings plc
National Express Group PLC (LON:NEX)‘s stock had its “buy” rating reissued by equities research analysts at HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 440 ($5.81) target price on the stock. HSBC Holdings plc’s price target suggests a potential upside of 19.05% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co lifted their price objective on shares of National Express Group PLC from GBX 404 ($5.33) to GBX 414 ($5.46) and gave the company an “overweight” rating in a research report on Friday, July 28th. Liberum Capital reiterated a “buy” rating and set a GBX 390 ($5.15) price objective on shares of National Express Group PLC in a research report on Thursday, October 26th. Shore Capital reiterated a “sell” rating on shares of National Express Group PLC in a research report on Friday, August 18th. Investec restated a “buy” rating and issued a GBX 385 ($5.08) price target on shares of National Express Group PLC in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a GBX 430 ($5.67) price target on shares of National Express Group PLC in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 403.27 ($5.32).
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In other news, insider Ashley Steel acquired 5,888 shares of the company’s stock in a transaction on Monday, September 4th. The stock was bought at an average cost of GBX 357 ($4.71) per share, with a total value of £21,020.16 ($27,738.40). Also, insider Dean K. Finch acquired 14,200 shares of the company’s stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of GBX 347 ($4.58) per share, with a total value of £49,274 ($65,022.43).
National Express Group PLC Company Profile
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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