(Sharecast News) - Analysts at Liberum lowered their target price on shares of National Express in anticipation of a more gradual earnings recovery through to 2023.
In particular, they believed that some caution was required due to the competitive pressures in the group's long-distance coach segment
However, they remained "confident" that public transport activity would rebound fully as the pandemic eased.
They also thought the company was well-positioned to benefit from long-term industry growth on the back of decarbonisation.
All told, they lowered their target price from 340.0p to 310.0p, but kept their recommendation at 'buy'.
2 Jun 2023 12:16
Director dealings: National Express board invests, British Land CFO makes £0.1m sale
(Sharecast News) - British Land was on the list of director sells on Friday, after its chief financial officer sold more than £0.1m to cover his ...
