National Express Group PLC (LON:NEX) Given Average Recommendation of “Buy” by Brokerages
National Express Group PLC (LON:NEX) has earned an average recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 443.33 ($5.79).
A number of research firms have commented on NEX. Jefferies Financial Group boosted their price objective on National Express Group from GBX 450 ($5.88) to GBX 480 ($6.27) and gave the stock a “buy” rating in a research note on Thursday, March 7th. Liberum Capital reissued a “buy” rating on shares of National Express Group in a research note on Thursday, February 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of National Express Group in a research note on Wednesday, May 15th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 465 ($6.08) price objective on shares of National Express Group in a research note on Wednesday, March 27th.
In other news, insider Matthew Ashley sold 48,401 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of GBX 414 ($5.41), for a total transaction of £200,380.14 ($261,832.14).
National Express Group Company Profile
National Express Group PLC provides public transport services in the United Kingdom, Continental Europe, North Africa, North America, and the Middle East. The company operates through UK, German Rail, ALSA, and North America segments. It owns and leases buses, coaches, and trains to deliver local, regional, national, and international transportation services.
Further Reading: What is Forex?
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