National Express Group PLC (LON:NEX) has been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 444 ($5.80).
A number of research analysts recently issued reports on NEX shares. Liberum Capital reaffirmed a “buy” rating and set a GBX 480 ($6.27) target price (up from GBX 470 ($6.14)) on shares of National Express Group in a report on Wednesday, April 10th. Royal Bank of Canada reaffirmed a “top pick” rating on shares of National Express Group in a report on Friday, February 1st. Jefferies Financial Group lifted their target price on National Express Group from GBX 450 ($5.88) to GBX 480 ($6.27) and gave the stock a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. lowered their target price on National Express Group from GBX 411 ($5.37) to GBX 410 ($5.36) and set a “neutral” rating on the stock in a report on Monday, April 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 465 ($6.08) target price on shares of National Express Group in a report on Wednesday, March 27th.
In related news, insider Matthew Ashley sold 48,401 shares of National Express Group stock in a transaction dated Friday, April 12th. The stock was sold at an average price of GBX 414 ($5.41), for a total value of £200,380.14 ($261,832.14). Also, insider Dean K. Finch sold 119,939 shares of National Express Group stock in a transaction dated Friday, March 8th. The stock was sold at an average price of GBX 431 ($5.63), for a total value of £516,937.09 ($675,469.87).
Shares of NEX traded up GBX 2.57 ($0.03) during trading hours on Tuesday, reaching GBX 401.40 ($5.25). 372,610 shares of the company’s stock traded hands, compared to its average volume of 724,231. The firm has a market capitalization of $2.05 billion and a price-to-earnings ratio of 15.15. The company has a debt-to-equity ratio of 94.58, a quick ratio of 0.49 and a current ratio of 0.58. National Express Group has a twelve month low of GBX 356 ($4.65) and a twelve month high of GBX 438 ($5.72).
National Express Group (LON:NEX) last released its earnings results on Thursday, February 28th. The company reported GBX 32.90 ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 32.40 ($0.42) by GBX 0.50 ($0.01). Analysts forecast that National Express Group will post 3434.00000841818 EPS for the current fiscal year.
The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 18th will be paid a GBX 10.17 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 2.39%. This is a boost from National Express Group’s previous dividend of $4.69. National Express Group’s dividend payout ratio (DPR) is currently 0.57%.
About National Express Group
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.
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