NEXT plc (LON:NXT) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 4,520.55 ($59.65).
NXT has been the topic of a number of recent analyst reports. Barclays PLC reissued an “underweight” rating and issued a GBX 3,900 ($51.46) price objective on shares of NEXT plc in a research report on Tuesday, August 1st. Morgan Stanley downgraded shares of NEXT plc to an “underweight” rating and set a GBX 4,300 ($56.74) price objective on the stock. in a research report on Wednesday, October 11th. Deutsche Bank AG reissued a “hold” rating on shares of NEXT plc in a research report on Tuesday, August 1st. Jefferies Group LLC raised shares of NEXT plc to a “hold” rating and increased their price objective for the company from GBX 3,500 ($46.19) to GBX 3,850 ($50.80) in a research report on Thursday, July 27th. Finally, HSBC Holdings plc reissued a “reduce” rating and issued a GBX 3,800 ($50.15) price objective on shares of NEXT plc in a research report on Thursday.
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In other NEXT plc news, insider Caroline Goodall purchased 450 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of GBX 4,294 ($56.66) per share, for a total transaction of £19,323 ($25,498.81).
Shares of NEXT plc (LON NXT) traded down GBX 27 ($0.36) on Thursday, reaching GBX 4,473 ($59.03). 637,027 shares of the company traded hands, compared to its average volume of 682,818. NEXT plc has a 1 year low of GBX 3,565 ($47.04) and a 1 year high of GBX 5,355 ($70.67).
The firm also recently declared a dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be paid a dividend of GBX 45 ($0.59) per share. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 4th.
NEXT plc Company Profile
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.
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