NEXT plc (NXT) Receives Average Rating of “Hold” from Analysts

NEXT plc (LON:NXT) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 4,438.55 ($58.87).

Several analysts have issued reports on the stock. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 3,900 ($51.73) price target on shares of NEXT plc in a report on Friday, June 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 4,250 ($56.37) price target on shares of NEXT plc in a report on Friday, September 1st. Shore Capital reaffirmed a “hold” rating on shares of NEXT plc in a report on Thursday, September 14th. Jefferies Group LLC upped their price target on shares of NEXT plc from GBX 3,850 ($51.07) to GBX 4,600 ($61.02) and gave the company an “underperform” rating in a report on Friday, August 11th. Finally, HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 3,360 ($44.57) price target on shares of NEXT plc in a report on Friday, June 30th.

In related news, insider Caroline Goodall purchased 450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of GBX 4,294 ($56.96) per share, with a total value of £19,323 ($25,630.72). Also, insider Michael J. Roney purchased 9,061 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of GBX 4,386 ($58.18) per share, with a total value of £397,415.46 ($527,146.12).

Shares of NEXT plc (LON:NXT) opened at 5165.00 on Friday. NEXT plc has a 12-month low of GBX 3,565.00 and a 12-month high of GBX 5,355.00. The firm’s market cap is GBX 7.36 billion. The firm has a 50-day moving average of GBX 4,647.19 and a 200-day moving average of GBX 4,271.83.

The business also recently declared a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be given a dividend of GBX 53 ($0.70) per share. This is a positive change from NEXT plc’s previous dividend of $45.00. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 1.05%.

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About NEXT plc

NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties.

Analyst Recommendations for NEXT plc (LON:NXT)

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