NEXT (NXT) Cut to Sell at Beaufort Securities

Beaufort Securities lowered shares of NEXT (LON:NXT) to a sell rating in a report released on Wednesday morning. Beaufort Securities currently has GBX 4,000 ($53.48) target price on the stock.

Several other research analysts have also recently issued reports on NXT. Deutsche Bank lifted their target price on NEXT from GBX 4,400 ($58.83) to GBX 4,500 ($60.17) and gave the company a hold rating in a research report on Friday, December 8th. Peel Hunt reaffirmed a hold rating and set a GBX 5,000 ($66.85) target price on shares of NEXT in a research report on Wednesday, November 1st. Societe Generale lifted their target price on NEXT from GBX 4,129 ($55.21) to GBX 4,737 ($63.34) and gave the company a hold rating in a research report on Friday, September 15th. reaffirmed a reduce rating and set a GBX 3,800 ($50.81) target price on shares of NEXT in a research report on Thursday, November 2nd. Finally, Shore Capital reaffirmed a hold rating on shares of NEXT in a research report on Thursday, September 14th. Thirteen analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. NEXT currently has a consensus rating of Hold and an average price target of GBX 4,294.45 ($57.42).

Shares of NEXT (LON NXT) opened at GBX 4,854 ($64.90) on Wednesday. NEXT has a one year low of GBX 3,565 ($47.67) and a one year high of GBX 5,355 ($71.60). The company has a market capitalization of $7,080.00 and a P/E ratio of 1,134.11.

The firm also recently disclosed a dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a GBX 45 ($0.60) dividend. The ex-dividend date is Thursday, January 4th. This represents a yield of 1.01%.

In other NEXT news, insider Michael J. Roney acquired 405 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of GBX 4,313 ($57.67) per share, with a total value of £17,467.65 ($23,355.60).

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About NEXT

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 (LON:NXT)

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