National Express Group PLC (LON:NEX) has received an average rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 435 ($5.68).
Several research analysts have recently weighed in on NEX shares. JPMorgan Chase & Co. decreased their price target on National Express Group from GBX 411 ($5.37) to GBX 410 ($5.36) and set a “neutral” rating for the company in a research note on Monday, April 8th. Royal Bank of Canada reiterated a “top pick” rating on shares of National Express Group in a research report on Friday, February 1st. Liberum Capital upgraded National Express Group to a “buy” rating and set a GBX 470 ($6.14) price objective for the company in a research report on Monday, January 28th. Jefferies Financial Group upped their price objective on National Express Group from GBX 450 ($5.88) to GBX 480 ($6.27) and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 465 ($6.08) price objective on shares of National Express Group in a research report on Wednesday, March 27th.
NEX stock opened at GBX 406.80 ($5.32) on Friday. National Express Group has a 1-year low of GBX 356 ($4.65) and a 1-year high of GBX 438 ($5.72). The company has a debt-to-equity ratio of 94.58, a current ratio of 0.58 and a quick ratio of 0.49. The firm has a market capitalization of $2.07 billion and a PE ratio of 15.35.
The company also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 18th will be given a dividend of GBX 10.17 ($0.13) per share. This represents a yield of 2.39%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from National Express Group’s previous dividend of $4.69. National Express Group’s dividend payout ratio is 0.57%.
In related 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). Also, insider Dean K. Finch sold 119,939 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 431 ($5.63), for a total value of £516,937.09 ($675,469.87).
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.
See Also: Special Dividends
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