NEXT plc (NXT) Receives GBX 4,481 Average Target Price from Brokerages

NEXT plc (LON:NXT) has received a consensus rating of “Hold” from the twenty-four ratings firms that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 4,544.38 ($59.18).

Several research analysts have issued reports on the stock. Shore Capital reissued a “sell” rating on shares of NEXT plc in a research report on Thursday, May 4th. Canaccord Genuity reissued a “sell” rating and set a GBX 3,714 ($48.37) price objective on shares of NEXT plc in a research report on Thursday, May 4th. Jefferies Group LLC raised their price objective on shares of NEXT plc from GBX 3,850 ($50.14) to GBX 4,600 ($59.90) and gave the stock an “underperform” rating in a research report on Friday. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 4,580 ($59.64) price objective on shares of NEXT plc in a research report on Friday, August 4th. Finally, Investec raised shares of NEXT plc to a “buy” rating and raised their price objective for the stock from GBX 3,900 ($50.79) to GBX 4,750 ($61.86) in a research report on Wednesday, May 10th.

NEXT plc (LON NXT) opened at 4400.00 on Tuesday. The stock’s 50 day moving average price is GBX 3,935.49 and its 200-day moving average price is GBX 4,069.76. The stock’s market cap is GBX 6.28 billion. NEXT plc has a 12 month low of GBX 3,565.00 and a 12 month high of GBX 5,705.00.

The company also recently disclosed a dividend, which will be paid on Wednesday, November 1st. Investors of record on Thursday, October 5th will be issued a GBX 45 ($0.59) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 1.02%.

In other news, insider Michael J. Roney acquired 9,061 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of GBX 4,386 ($57.12) per share, for a total transaction of £397,415.46 ($517,535.43). Also, insider Caroline Goodall acquired 450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of GBX 4,294 ($55.92) per share, for a total transaction of £19,323 ($25,163.43).

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NEXT plc 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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