National Express Group (NEX) Downgraded by JPMorgan Chase & Co.

National Express Group (LON:NEX) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Friday. They currently have a GBX 411 ($5.37) target price on the stock, down from their previous target price of GBX 412 ($5.38). JPMorgan Chase & Co.’s price target would indicate a potential downside of 2.35% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity boosted their price objective on National Express Group from GBX 440 ($5.75) to GBX 465 ($6.08) and gave the stock a “buy” rating in a research report on Friday, July 27th. HSBC boosted their price objective on National Express Group from GBX 440 ($5.75) to GBX 455 ($5.95) and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley cut National Express Group to an “equal weight” rating in a research report on Friday, September 14th. Liberum Capital reissued a “hold” rating on shares of National Express Group in a research report on Wednesday, July 4th. Finally, UBS Group reissued a “hold” rating and set a GBX 410 ($5.36) price objective on shares of National Express Group in a research report on Friday, July 27th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 429.56 ($5.61).

LON NEX opened at GBX 420.90 ($5.50) on Friday. National Express Group has a twelve month low of GBX 337.20 ($4.41) and a twelve month high of GBX 401.80 ($5.25).

In other news, insider Michael J. E. McKeon purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was purchased at an average price of GBX 409 ($5.34) per share, with a total value of £20,450 ($26,721.55).

National Express Group 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.

See Also: Earnings Per Share

Analyst Recommendations for National Express Group (LON:NEX)

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