Peel Hunt Reaffirms Hold Rating for NEXT (NXT)

Peel Hunt restated their hold rating on shares of NEXT (LON:NXT) in a research report released on Wednesday morning. The firm currently has a GBX 5,000 ($66.85) price target on the stock.

A number of other equities research analysts have also recently issued reports on NXT. reiterated a reduce rating and set a GBX 3,800 ($50.81) price objective on shares of NEXT in a research note on Thursday, November 2nd. restated a reduce rating and issued a GBX 3,800 ($50.81) price target on shares of NEXT in a research note on Thursday, November 2nd. HSBC restated a reduce rating and issued a GBX 3,800 ($50.81) price target on shares of NEXT in a research note on Thursday, November 2nd. Whitman Howard restated a sell rating and issued a GBX 3,700 ($49.47) price target on shares of NEXT in a research note on Tuesday. Finally, Beaufort Securities cut NEXT to a sell rating and set a GBX 4,000 ($53.48) price target on the stock. in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 4,294.45 ($57.42).

Shares of NEXT (LON:NXT) opened at GBX 4,854 ($64.90) on Wednesday. NEXT has a 12 month low of GBX 3,565 ($47.67) and a 12 month high of GBX 5,355 ($71.60). The stock has a market capitalization of $7,080.00 and a P/E ratio of 1,134.11.

The company also recently disclosed a dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a dividend of GBX 45 ($0.60) per share. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 4th.

In other news, insider Michael J. Roney acquired 405 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of GBX 4,313 ($57.67) per share, for a total transaction of £17,467.65 ($23,355.60).

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NEXT 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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