NEXT’s (NXT) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of NEXT (LON:NXT) in a report released on Tuesday morning. Peel Hunt currently has a GBX 5,000 ($67.29) target price on the stock.

Other equities research analysts have also issued reports about the company. Credit Suisse Group reiterated an underperform rating and issued a GBX 4,000 ($53.84) price objective on shares of NEXT in a research report on Friday, September 1st. reiterated a reduce rating and issued a GBX 3,800 ($51.14) price objective on shares of NEXT in a research report on Thursday, November 2nd. restated a reduce rating and set a GBX 3,800 ($51.14) price target on shares of NEXT in a research report on Thursday, November 2nd. HSBC restated a reduce rating and set a GBX 3,800 ($51.14) price target on shares of NEXT in a research report on Thursday, November 2nd. Finally, Societe Generale lifted their price target on NEXT from GBX 4,129 ($55.57) to GBX 4,737 ($63.76) and gave the company a hold rating in a research report on Friday, September 15th. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. NEXT has an average rating of Hold and a consensus target price of GBX 4,365.70 ($58.76).

Shares of NEXT (LON NXT) opened at GBX 4,409 ($59.34) on Tuesday. NEXT has a 1 year low of GBX 3,565 ($47.98) and a 1 year high of GBX 5,355 ($72.07).

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 dividend of GBX 45 ($0.61) per share. This represents a yield of 1.01%. The ex-dividend date is Thursday, January 4th.

In related news, insider Michael J. Roney purchased 405 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of GBX 4,313 ($58.05) per share, with a total value 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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