Royal Bank of Canada Reaffirms “Outperform” Rating for National Express Group (LON:NEX)

Royal Bank of Canada reiterated their outperform rating on shares of National Express Group (LON:NEXGet Rating) in a report issued on Tuesday morning, MarketBeat.com reports. The firm currently has a GBX 250 ($3.06) target price on the stock.

Separately, Berenberg Bank cut their target price on National Express Group from GBX 300 ($3.68) to GBX 240 ($2.94) and set a buy rating on the stock in a research note on Monday, July 25th.

National Express Group Price Performance

Shares of NEX stock opened at GBX 182.40 ($2.24) on Tuesday. The company has a debt-to-equity ratio of 93.19, a quick ratio of 0.73 and a current ratio of 0.84. National Express Group has a 52 week low of GBX 167.10 ($2.05) and a 52 week high of GBX 288 ($3.53). The stock has a market capitalization of £1.12 billion and a PE ratio of -10.86. The stock’s fifty day moving average is GBX 203.75 and its 200-day moving average is GBX 230.67.

Insider Buying and Selling

In other news, insider Chris Davies purchased 15,000 shares of the stock in a transaction on Thursday, June 23rd. The shares were acquired at an average price of GBX 205 ($2.51) per share, for a total transaction of £30,750 ($37,679.21). In other news, insider Chris Davies bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The stock was bought at an average price of GBX 205 ($2.51) per share, with a total value of £30,750 ($37,679.21). Also, insider John Armitt sold 5,617 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of GBX 230 ($2.82), for a total transaction of £12,919.10 ($15,830.29).

National Express Group Company Profile

(Get Rating)

National Express Group PLC engages in providing public transport services in the United Kingdom, Germany, Spain, Morocco, Switzerland, the United States, and Canada. 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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