Trade Report: The HSBC Reiterates “Buy” Rating for National Express Group PLC (NEX)

The HSBC Reiterates “Buy” Rating for National Express Group PLC (NEX)

National Express Group PLC (LON:NEX)‘s stock had its “buy” rating reaffirmed by HSBC in a research note issued to investors on Thursday. They currently have a GBX 400 ($5.00) price target on the stock. HSBC’s target price would suggest a potential upside of 11.83% from the stock’s previous close.

NEX has been the subject of a number of other reports. Canaccord Genuity assumed coverage on shares of National Express Group PLC in a research report on Monday, September 19th. They issued a “buy” rating and a GBX 427 ($5.33) price target for the company. Liberum Capital reissued a “hold” rating and issued a GBX 340 ($4.25) price target on shares of National Express Group PLC in a research report on Tuesday, October 25th. Royal Bank Of Canada increased their price target on shares of National Express Group PLC from GBX 370 ($4.62) to GBX 405 ($5.06) and gave the stock an “outperform” rating in a research report on Thursday, October 27th. Jefferies Group increased their price target on shares of National Express Group PLC from GBX 370 ($4.62) to GBX 405 ($5.06) and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Finally, Deutsche Bank AG started coverage on shares of National Express Group PLC in a research report on Wednesday, September 21st. They set a “hold” rating and a GBX 365 ($4.56) price objective on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 378.91 ($4.73).

National Express Group PLC (LON:NEX) opened at 357.10 on Thursday. National Express Group PLC has a 52 week low of GBX 252.81 and a 52 week high of GBX 379.10. The stock’s market capitalization is GBX 1.82 billion. The stock has a 50 day moving average of GBX 358.08 and a 200 day moving average of GBX 339.93.

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