NEXT plc (NXT) Raised to “Buy” at Investec

Investec upgraded shares of NEXT plc (LON:NXT) to a buy rating in a research note released on Wednesday. The brokerage currently has GBX 4,750 ($61.31) price target on the stock, up from their prior price target of GBX 3,900 ($50.34).

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank AG decreased their price objective on shares of NEXT plc from GBX 4,900 ($63.25) to GBX 4,750 ($61.31) and set a hold rating for the company in a report on Friday, March 24th. BNP Paribas lowered shares of NEXT plc to an underperform rating and reduced their price target for the company from GBX 3,900 ($50.34) to GBX 3,700 ($47.76) in a report on Monday, April 3rd. Canaccord Genuity lowered shares of NEXT plc to a sell rating and reduced their price target for the company from GBX 4,400 ($56.80) to GBX 3,714 ($47.94) in a report on Friday, April 7th. Goldman Sachs Group Inc boosted their price target on shares of NEXT plc from GBX 4,200 ($54.21) to GBX 4,400 ($56.80) and gave the company a neutral rating in a report on Friday, March 24th. Finally, Redburn Partners upgraded shares of NEXT plc to a buy rating in a report on Wednesday, March 1st. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 4,507.24 ($58.18).

Analyst Recommendations for NEXT plc (LON:NXT)

NEXT plc (LON:NXT) opened at 4290.00 on Wednesday. NEXT plc has a 1-year low of GBX 3,550.00 and a 1-year high of GBX 5,705.00. The company has a 50-day moving average of GBX 4,244.76 and a 200-day moving average of GBX 4,361.01. The company’s market capitalization is GBX 6.12 billion.

TRADEMARK VIOLATION WARNING: “NEXT plc (NXT) Raised to “Buy” at Investec” was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/05/16/next-plc-nxt-raised-to-buy-at-investec.html.

The company also recently disclosed a dividend, which was paid on Tuesday, May 2nd. Investors of record on Thursday, April 6th were paid a dividend of GBX 45 ($0.58) per share. The ex-dividend date was Thursday, April 6th. This represents a dividend yield of 1.07%.

In other news, insider Michael J. Roney acquired 5,000 shares of NEXT plc stock in a transaction that occurred on Monday, March 27th. The stock was purchased at an average price of GBX 4,138 ($53.41) per share, for a total transaction of £206,900 ($267,071.12).

About NEXT plc

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.

What are top analysts saying about NEXT plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NEXT plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit