National Express Group PLC (NEX) Stock Rating Reaffirmed by HSBC Holdings plc

National Express Group PLC (LON:NEX)‘s stock had its “buy” rating restated by equities research analysts at HSBC Holdings plc in a research note issued on Friday. They currently have a GBX 440 ($5.81) target price on the stock. HSBC Holdings plc’s price target points to a potential upside of 18.22% from the company’s previous close.

Several other brokerages have also issued reports on NEX. Shore Capital reaffirmed a “sell” rating on shares of National Express Group PLC in a research note on Friday, August 18th. J P Morgan Chase & Co dropped their price objective on National Express Group PLC from GBX 414 ($5.46) to GBX 412 ($5.44) and set an “overweight” rating for the company in a research note on Tuesday, October 31st. Investec reissued a “buy” rating and set a GBX 385 ($5.08) price objective on shares of National Express Group PLC in a research note on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and set a GBX 430 ($5.67) price objective on shares of National Express Group PLC in a research note on Friday, July 28th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 385 ($5.08) price objective on shares of National Express Group PLC in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. National Express Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 403.27 ($5.32).

Shares of National Express Group PLC (NEX) traded up GBX 4 ($0.05) on Friday, reaching GBX 372.20 ($4.91). The company’s stock had a trading volume of 513,626 shares, compared to its average volume of 502,022. National Express Group PLC has a 1-year low of GBX 332.40 ($4.39) and a 1-year high of GBX 389 ($5.13).

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In other National Express Group PLC news, insider Ashley Steel bought 5,888 shares of the firm’s stock in a transaction that occurred on Monday, September 4th. The stock was bought at an average price of GBX 357 ($4.71) per share, for a total transaction of £21,020.16 ($27,738.40). Also, insider Dean K. Finch bought 14,200 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average price 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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