Analysts Set National Express (NEX) Target Price at $419.90

National Express (LON:NEX) has earned an average recommendation of “Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 419.90 ($5.89).

Several brokerages have issued reports on NEX. Numis Securities upgraded National Express to an “add” rating in a report on Friday, March 16th. Liberum Capital restated a “buy” rating on shares of National Express in a report on Friday, March 9th. HSBC restated a “buy” rating and issued a GBX 440 ($6.18) target price on shares of National Express in a report on Monday, March 19th. Deutsche Bank upped their target price on National Express from GBX 380 ($5.33) to GBX 390 ($5.47) and gave the company a “hold” rating in a report on Monday, March 12th. Finally, Royal Bank of Canada upped their target price on National Express from GBX 440 ($6.18) to GBX 445 ($6.25) and gave the company an “outperform” rating in a report on Friday, March 9th.

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In other news, insider Dean K. Finch sold 91,838 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of GBX 394 ($5.53), for a total transaction of £361,841.72 ($507,919.31). Also, insider Dean K. Finch sold 84,598 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of GBX 392 ($5.50), for a total value of £331,624.16 ($465,502.75). Over the last quarter, insiders have sold 238,745 shares of company stock valued at $93,647,098.

LON NEX traded up GBX 1.60 ($0.02) during mid-day trading on Thursday, hitting GBX 401 ($5.63). The stock had a trading volume of 975,962 shares, compared to its average volume of 724,231. National Express has a twelve month low of GBX 337.20 ($4.73) and a twelve month high of GBX 401.80 ($5.64).

The firm also recently declared a dividend, which will be paid on Monday, May 21st. Stockholders of record on Thursday, April 26th will be issued a dividend of GBX 9.25 ($0.13) per share. The ex-dividend date is Thursday, April 26th. This is a boost from National Express’s previous dividend of $4.26. This represents a dividend yield of 2.55%.

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National Express Company Profile

National Express Group PLC provides public transportation services in the United Kingdom, Continental Europe, North Africa, North America, and the Middle East. The company operates through UK Bus, UK Coach, German Rail, North America, Spain and Morocco, and Central functions segments. It primarily offers bus, coach, and rail services.

Analyst Recommendations for National Express (LON:NEX)

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