Shore Capital Reiterates “Hold” Rating for NEXT (NXT)

Shore Capital reaffirmed their hold rating on shares of NEXT (LON:NXT) in a report issued on Tuesday.

NXT has been the subject of several other reports. UBS Group assumed coverage on shares of NEXT in a research note on Tuesday, September 18th. They issued a buy rating and a GBX 6,600 ($86.24) price target for the company. Deutsche Bank decreased their price target on shares of NEXT from GBX 5,450 ($71.21) to GBX 5,400 ($70.56) and set a hold rating for the company in a research note on Thursday, August 2nd. HSBC increased their price target on shares of NEXT from GBX 4,600 ($60.11) to GBX 5,550 ($72.52) and gave the stock a hold rating in a research note on Monday, July 9th. Royal Bank of Canada restated an outperform rating on shares of NEXT in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of NEXT in a research note on Thursday, October 4th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. NEXT has an average rating of Hold and an average price target of GBX 4,881.63 ($63.79).

Shares of NEXT stock opened at GBX 5,170 ($67.56) on Tuesday. NEXT has a 1 year low of GBX 3,565 ($46.58) and a 1 year high of GBX 5,355 ($69.97).

The company also recently disclosed a dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 6th will be paid a dividend of GBX 55 ($0.72) per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a yield of 1%.

In other NEXT news, insider Richard Papp sold 1,100 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of GBX 5,713 ($74.65), for a total transaction of £62,843 ($82,115.51).

NEXT Company Profile

NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

Analyst Recommendations for NEXT (LON:NXT)

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