Shares in National Express PLC (NEX.L) have fallen dramatically from recent highs of 476p. Will it continue, or is this an opportunity to pick up a bargain?

• This stock is one of the more significant fallers in the period.
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Now trading at 409.24p (at time of writing). A return to previous highs would represent a rise of 16%.
• Shares -14% from 12-month highs; +5% from 12 month lows.

Latest News

24 Feb:  Peel Hunt today initiates coverage of National Express Group (NEX) with a hold rating and target price of 450p.

29 Jan:  HSBC reiterates its buy rating on National Express Group (NEX) and increased the target price to 520p (from 510p).

28 Nov:  Sir John Armitt, Chairman, bought 4,500 shares within the firm on the 28th November 2019 at a price of 465.49p. This Director currently has 10,500 shares.

30 Oct:  National Express, the transport group,  announced it had launched a placement of $509m equivalent senior unsecured debt instruments.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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