NEXT plc (LON:NXT) announced a dividend on Wednesday, November 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, January 4th will be paid a dividend of GBX 45 ($0.60) per share on Thursday, January 25th. This represents a yield of 1.01%. The ex-dividend date is Thursday, January 4th. The official announcement can be seen at this link.
Shares of NEXT (LON NXT) opened at GBX 4,525 ($60.50) on Friday. The stock has a market cap of $6,680.00 and a P/E ratio of 1,057.24. NEXT has a 12-month low of GBX 3,565 ($47.67) and a 12-month high of GBX 5,355 ($71.60).
NXT has been the subject of a number of recent analyst reports. Deutsche Bank upped their price target on shares of NEXT from GBX 4,400 ($58.83) to GBX 4,500 ($60.17) and gave the stock a “hold” rating in a research report on Friday, December 8th. Peel Hunt reiterated a “hold” rating and issued a GBX 5,000 ($66.85) price target on shares of NEXT in a research report on Wednesday, November 1st. Societe Generale boosted their target price on shares of NEXT from GBX 4,129 ($55.21) to GBX 4,737 ($63.34) and gave the stock a “hold” rating in a report on Friday, September 15th. Credit Suisse Group reissued an “underperform” rating and issued a GBX 4,000 ($53.48) target price on shares of NEXT in a report on Friday, September 1st. Finally, reissued a “reduce” rating and issued a GBX 3,800 ($50.81) target price on shares of NEXT in a report on Thursday, November 2nd. Ten research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 4,370.04 ($58.43).
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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