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).
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.
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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.
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