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).

TRADEMARK VIOLATION WARNING: “NEXT (NXT) Cut to Sell at Beaufort Securities” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://sportsperspectives.com/2018/01/06/next-nxt-cut-to-sell-at-beaufort-securities.html.

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)

Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply