National Express Group PLC (LON:NEX – Get Rating)’s share price hit a new 52-week low during trading on Friday after an insider sold shares in the company. The company traded as low as GBX 118.20 ($1.44) and last traded at GBX 120 ($1.46), with a volume of 1840803 shares. The stock had previously closed at GBX 120.30 ($1.47).
Specifically, insider Jose Ignacio Garat sold 40,651 shares of the company’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of GBX 120 ($1.46), for a total value of £48,781.20 ($59,453.02). 12.60% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Separately, Liberum Capital lowered shares of National Express Group to a “sell” rating and dropped their price target for the stock from GBX 155 ($1.89) to GBX 115 ($1.40) in a research report on Thursday, March 9th.
National Express Group Stock Down 0.8 %
National Express Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, May 15th. Stockholders of record on Thursday, April 13th will be paid a GBX 5 ($0.06) dividend. The ex-dividend date is Thursday, April 13th. This represents a dividend yield of 3.79%. National Express Group’s dividend payout ratio is presently -2,439.02%.
About National Express Group
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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