Deutsche Bank AG reaffirmed their hold rating on shares of NEXT plc (LON:NXT) in a research report sent to investors on Thursday. Deutsche Bank AG currently has a GBX 4,400 ($58.06) target price on the stock.
A number of other analysts have also issued reports on NXT. Peel Hunt restated a hold rating and set a GBX 4,200 ($55.42) target price on shares of NEXT plc in a research report on Thursday, August 3rd. Shore Capital restated a hold rating on shares of NEXT plc in a research report on Wednesday. Jefferies Group LLC raised their target price on shares of NEXT plc from GBX 3,850 ($50.80) to GBX 4,600 ($60.70) and gave the stock an underperform rating in a research report on Friday, August 11th. J P Morgan Chase & Co restated a neutral rating and set a GBX 4,830 ($63.74) target price on shares of NEXT plc in a research report on Tuesday, October 24th. Finally, Canaccord Genuity restated a sell rating and set a GBX 3,714 ($49.01) target price on shares of NEXT plc in a research report on Thursday, August 3rd. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 4,491 ($59.26).
Shares of NEXT plc (LON NXT) traded down GBX 4.52 ($0.06) during midday trading on Thursday, reaching GBX 4,495.48 ($59.32). 637,027 shares of the company were exchanged, compared to its average volume of 682,818. NEXT plc has a 1 year low of GBX 3,565 ($47.04) and a 1 year high of GBX 5,355 ($70.67).
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The firm also recently announced a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a GBX 45 ($0.59) dividend. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 4th.
In other news, insider Caroline Goodall purchased 450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of GBX 4,294 ($56.66) per share, with a total value of £19,323 ($25,498.81).
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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