NEXT (LON:NXT) had its price target increased by Deutsche Bank from GBX 4,400 ($58.83) to GBX 4,500 ($60.17) in a research report sent to investors on Friday, December 8th. Deutsche Bank currently has a hold rating on the stock.
Several other research analysts also recently weighed in on NXT. Jefferies Group lifted their target price on NEXT from GBX 3,850 ($51.48) to GBX 4,600 ($61.51) and gave the company an underperform rating in a research note on Friday, August 11th. Barclays restated an underweight rating on shares of NEXT in a research note on Thursday, August 31st. Credit Suisse Group restated an underperform rating and issued a GBX 4,000 ($53.48) price target on shares of NEXT in a research note on Friday, September 1st. Shore Capital restated a hold rating on shares of NEXT in a research note on Thursday, September 14th. Finally, Peel Hunt restated a hold rating and issued a GBX 4,200 ($56.16) price target on shares of NEXT in a research note on Thursday, September 14th. Eleven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 4,342.13 ($58.06).
Shares of NEXT (LON:NXT) traded down GBX 25 ($0.33) during mid-day trading on Friday, hitting GBX 4,500 ($60.17). The company’s stock had a trading volume of 832,647 shares, compared to its average volume of 487,718. NEXT has a one year low of GBX 3,565 ($47.67) and a one year high of GBX 5,355 ($71.60). The stock has a market cap of $6,610.00 and a P/E ratio of 1,051.40.
The business also recently declared a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a GBX 45 ($0.60) dividend. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 1.01%.
In related news, insider Michael J. Roney purchased 405 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of GBX 4,313 ($57.67) per share, with a total value of £17,467.65 ($23,355.60).
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NEXT 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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