NEXT (NXT) Shares Down 0.6%

NEXT plc (LON:NXT) traded down 0.6% on Monday . The company traded as low as GBX 4,337 ($58.37) and last traded at GBX 4,404 ($59.27). 624,419 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 665,979 shares. The stock had previously closed at GBX 4,432 ($59.65).

A number of equities research analysts recently weighed in on the stock. Shore Capital reaffirmed a “hold” rating on shares of NEXT in a research note on Wednesday, November 1st. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 4,400 ($59.22) target price on shares of NEXT in a research note on Tuesday, November 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 4,830 ($65.01) target price on shares of NEXT in a research note on Thursday, November 2nd. Jefferies Group raised their target price on shares of NEXT from GBX 3,850 ($51.82) to GBX 4,600 ($61.91) and gave the company an “underperform” rating in a research note on Friday, August 11th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 5,000 ($67.29) target price on shares of NEXT in a research note on Wednesday, November 1st. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 4,365.70 ($58.76).

The company also recently announced a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a GBX 45 ($0.61) dividend. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, January 4th.

In other news, insider Michael J. Roney bought 405 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of GBX 4,313 ($58.05) per share, for a total transaction of £17,467.65 ($23,509.62).

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About NEXT

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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