NEXT plc (LON:NXT) declared a dividend on Tuesday, September 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 6th will be given a dividend of GBX 55 ($0.72) per share on Wednesday, January 2nd. This represents a dividend yield of 1%. The ex-dividend date is Thursday, December 6th. The official announcement can be seen at this link.
LON NXT opened at GBX 4,901 ($64.04) on Friday. NEXT has a fifty-two week low of GBX 3,565 ($46.58) and a fifty-two week high of GBX 5,355 ($69.97).
NXT has been the subject of a number of recent research reports. Credit Suisse Group upgraded NEXT to a “neutral” rating and lifted their price objective for the company from GBX 4,350 ($56.84) to GBX 5,800 ($75.79) in a research note on Monday, October 22nd. UBS Group initiated coverage on NEXT in a research note on Tuesday, September 18th. They set a “buy” rating and a GBX 6,600 ($86.24) price objective for the company. Shore Capital reiterated a “hold” rating on shares of NEXT in a research note on Tuesday, September 25th. Royal Bank of Canada reiterated an “outperform” rating on shares of NEXT in a research note on Tuesday, October 16th. Finally, HSBC upgraded NEXT to a “buy” rating and lifted their price objective for the company from GBX 5,700 ($74.48) to GBX 6,050 ($79.05) in a research note on Wednesday, November 14th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. NEXT currently has a consensus rating of “Hold” and a consensus price target of GBX 5,115.69 ($66.85).
NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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