NEXT plc (NXT) Stock Rating Reaffirmed by Barclays PLC

Barclays PLC reiterated their underweight rating on shares of NEXT plc (LON:NXT) in a research report sent to investors on Thursday, Marketbeat Ratings reports.

Several other equities analysts have also commented on the company. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 4,830 ($63.74) target price on shares of NEXT plc in a report on Thursday. Deutsche Bank AG reaffirmed a hold rating and set a GBX 4,400 ($58.06) price objective on shares of NEXT plc in a report on Thursday. Shore Capital reaffirmed a hold rating on shares of NEXT plc in a report on Wednesday, November 1st. Peel Hunt reaffirmed a hold rating and set a GBX 5,000 ($65.98) price objective on shares of NEXT plc in a report on Wednesday, November 1st. Finally, Morgan Stanley lowered NEXT plc to an underweight rating and set a GBX 4,300 ($56.74) price objective on the stock. in a report on Wednesday, October 11th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 4,491 ($59.26).

NEXT plc (NXT) opened at GBX 4,438 ($58.56) on Thursday. NEXT plc has a twelve month low of GBX 3,565 ($47.04) and a twelve month high of GBX 5,355 ($70.67).

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The company also recently disclosed a dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be given a GBX 45 ($0.59) dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 1.01%.

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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