NEXT plc (LON:NXT) Receives Consensus Rating of “Hold” from Analysts
Shares of NEXT plc (LON:NXT) have received an average rating of “Hold” from the twenty-two brokerages that are currently covering the firm. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 5,596.67 ($73.05).
Several equities research analysts recently weighed in on NXT shares. Espirito Santo Investment Bank Research restated a “sell” rating and set a GBX 5,500 ($71.79) target price on shares of NEXT plc in a report on Thursday, August 25th. BNP Paribas increased their price objective on NEXT plc from GBX 4,900 ($63.96) to GBX 5,600 ($73.10) and gave the stock an “underperform” rating in a report on Friday, September 9th. Goldman Sachs Group Inc. upgraded NEXT plc to a “neutral” rating and increased their price objective for the stock from GBX 4,800 ($62.66) to GBX 5,600 ($73.10) in a report on Tuesday, September 6th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 5,950 ($77.67) price objective on shares of NEXT plc in a report on Thursday, September 8th. Finally, Haitong Bank reiterated a “buy” rating and issued a GBX 5,900 ($77.01) price objective on shares of NEXT plc in a report on Friday, August 26th.
NEXT plc (LON:NXT) remained flat at GBX 4805.00 during midday trading on Wednesday. 607,922 shares of the company traded hands. The company has a 50 day moving average of GBX 5,241.14 and a 200-day moving average of GBX 5,272.78. The stock’s market cap is GBX 6.97 billion. NEXT plc has a 52-week low of GBX 3,550.00 and a 52-week high of GBX 8,175.00.
The company also recently declared a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be paid a GBX 53 ($0.69) dividend. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 1.07%.
About NEXT plc
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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