National Express stocks surge make it FTSE 250 leader after traders told to buy

National Express today was the best performing FTSE 250 company with the value of shares in the firm up by 10.95p or nearly four per cent in just one day of trading, after brokers upgraded their advice.

Analysts at broker RBC raised its advice to traders from 'sector perform' to 'outperform' whilst Liberum switched its 'hold' advice to 'buy,' bringing to six the number of brokers firms urging traders to buy-in, according to reports - and prompting the daily uplift in value that put the transport company at the head of the FTSE 250 pack. The National Express share value is now up by nearly 20% from one year ago - outpacing nearest placed competitor by trading Go-Ahead's 1% rise and the FTSE 250's 14.6%. 

Liberum warned traders of "uncertainty" for UK regional bus operators that it said was caused by the Government's devolution drive and forthcoming legislation on buses, but it was nonetheless impressed by National Express as a diversified group with overseas exposure. The advice came after the company last week signed German rail contracts worth £720m.