National Express Group PLC’s (NEX) “Buy” Rating Reiterated at HSBC Holdings plc
National Express Group PLC (LON:NEX)‘s stock had its “buy” rating reissued by investment analysts at HSBC Holdings plc in a note issued to investors on Friday, November 3rd. They currently have a GBX 440 ($5.79) target price on the stock. HSBC Holdings plc’s target price points to a potential upside of 18.66% from the stock’s current price.
Several other brokerages have also recently commented on NEX. Barclays PLC restated an “overweight” rating and issued a GBX 385 ($5.06) target price on shares of National Express Group PLC in a research report on Friday, July 28th. Liberum Capital dropped their target price on shares of National Express Group PLC from GBX 400 ($5.26) to GBX 390 ($5.13) and set a “buy” rating for the company in a research report on Wednesday, September 20th. Jefferies Group LLC restated a “buy” rating and issued a GBX 430 ($5.66) target price on shares of National Express Group PLC in a research report on Friday, July 28th. Shore Capital reaffirmed a “sell” rating on shares of National Express Group PLC in a report on Friday, August 18th. Finally, HSBC reaffirmed a “buy” rating and set a GBX 440 ($5.79) price target on shares of National Express Group PLC in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 408.92 ($5.38).
Shares of National Express Group PLC (LON NEX) traded up GBX 0.10 ($0.00) during trading hours on Friday, hitting GBX 370.80 ($4.88). 495,835 shares of the stock traded hands, compared to its average volume of 531,100. National Express Group PLC has a one year low of GBX 332.40 ($4.37) and a one year high of GBX 389 ($5.12).
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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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