National Express Group (NEX)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

235.40p
   
  • Change Today:
      3.00p
  • 52 Week High: 328.20
  • 52 Week Low: 125.00
  • Currency: UK Pounds
  • Shares Issued: 614.09m
  • Volume: 1,689,499
  • Market Cap: £1,445.56m
  • RiskGrade: 309

Liberum lowers target price on National Express, remains confident of sector recovery

By Iain Gilbert

Date: Tuesday 29 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum lowered their target price on public transport operator National Express from 385.0p to 340.0p on Tuesday but said it remained confident of the sector's recovery.
Liberum stated National Express faces some short-term headwinds from "a slower relaxation of pandemic restrictions" and "tougher competition" at its long-distance coach units.

However, the analysts said they "remain confident" in travel demand recovering fully in 2022, with non-volume risk contracts and school bus operations providing "a sound base to build a recovery" in more volume-sensitive and discretionary demand operations.

Liberum, which reiterated its 'buy' rating on the stock, noted that the dominant impact on its revised forecasts for the current year was the decelerated pace at which Covid-19 restrictions were being lifted in all of the primary countries in which National Express operates.

"This postpones the start of the recovery further into H2. The large percentage reduction in our 2021E estimates reflects the depressed level of profits more than a large change in our assumptions," said Liberum, which added it now also has "more conservative assumptions" in the UK and at Alsa in order to reflect increased levels of competition against each of those divisions' long-distance coach units.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

NEX Market Data

Currency UK Pounds
Share Price 235.40p
Change Today 3.00p
% Change 1.29 %
52 Week High 328.20
52 Week Low 125.00
Volume 1,689,499
Shares Issued 614.09m
Market Cap £1,445.56m
RiskGrade 309

NEX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.91% below the market average84.91% below the market average84.91% below the market average84.91% below the market average84.91% below the market average
78.12% below the sector average78.12% below the sector average78.12% below the sector average78.12% below the sector average78.12% below the sector average
Price Trend
36.42% below the market average36.42% below the market average36.42% below the market average36.42% below the market average36.42% below the market average
58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average
Income
22.18% below the market average22.18% below the market average22.18% below the market average22.18% below the market average22.18% below the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average
Growth
12.15% below the market average12.15% below the market average12.15% below the market average12.15% below the market average12.15% below the market average
76.12% above the sector average76.12% above the sector average76.12% above the sector average76.12% above the sector average76.12% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 8
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NEX Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 18-Apr-19
Paid 20-Sep-19 14-May-19
Amount 5.16p 10.17p

Trades for 23-Sep-2021

Time Volume / Share Price
14:57 422 @ 235.57p
14:56 41 @ 235.60p
14:56 1 @ 235.80p
14:56 10 @ 235.80p
14:56 471 @ 235.40p

NEX Key Personnel

Chair John Armitt

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