Rating Buzzer: HSBC Keeps National Express Group PLC (LON:NEX) As Buy; Has TP Of GBX 400.00

November 24, 2016 - By Marguerite Chambers

National Express Group PLC (LON:NEX) Rating

The broker have set target price of GBX 400.00 on National Express Group PLC (LON:NEX) shares. This is 11.64% from the last stock close price. In a research note issued to investors and clients on Thursday morning, HSBC reconfirmed their Buy rating on shares of NEX.

National Express Group PLC (LON:NEX) Ratings Coverage

Out of 16 analysts covering National Express Group PLC (LON:NEX), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. GBX 427 is the highest target while GBX 250 is the lowest. The GBX 362.54 average target is 1.27% above today’s (GBX 358) stock price. National Express Group PLC has been the topic of 70 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Thursday, February 25 the stock rating was maintained by Shore Capital with “Buy”. The rating was maintained by UBS with “Buy” on Friday, October 21. HSBC maintained it with “Buy” rating and GBX 335 target price in Tuesday, February 2 report. As per Tuesday, September 15, the company rating was maintained by Investec. On Tuesday, August 30 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, October 20. Barclays Capital maintained it with “Overweight” rating and GBX 331 target price in Monday, September 7 report. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 30. Liberum Capital maintained the shares of NEX in a report on Thursday, July 28 with “Hold” rating. As per Friday, April 15, the company rating was maintained by JP Morgan.

About 218,178 shares traded hands. National Express Group PLC (LON:NEX) has risen 11.07% since April 26, 2016 and is uptrending. It has outperformed by 5.66% the S&P500.

National Express Group PLC is a public transport operator with bus, coach and rail services in the United Kingdom, Continental Europe, North Africa, North America and the Middle East. The company has a market cap of 1.83 billion GBP. The Company’s divisions are UK Bus, UK Coach, Rail, North America, Spain and Morocco, and Central functions. It has a 16.62 P/E ratio. The UK Bus segment’s services are operated from over nine garages across the West Midlands.

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