Analysts Set NEXT plc (NXT) Target Price at $5,567.52
NEXT plc (LON:NXT) has received a consensus rating of “Hold” from the twenty-two analysts that are presently covering the stock. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 5,567.52 ($68.96).
A number of equities analysts recently issued reports on the company. Espirito Santo Investment Bank Research restated a “sell” rating and issued a GBX 5,500 ($68.13) target price on shares of NEXT plc in a research note on Thursday, August 25th. BNP Paribas raised their target price on NEXT plc from GBX 4,900 ($60.70) to GBX 5,600 ($69.37) and gave the stock an “underperform” rating in a research note on Friday, September 9th. Goldman Sachs Group Inc. upgraded NEXT plc to a “neutral” rating and raised their target price for the stock from GBX 4,800 ($59.46) to GBX 5,600 ($69.37) in a research note on Tuesday, September 6th. Deutsche Bank AG restated a “buy” rating and issued a GBX 5,950 ($73.70) target price on shares of NEXT plc in a research note on Thursday, September 8th. Finally, Haitong Bank reiterated a “buy” rating and set a GBX 5,900 ($73.08) price objective on shares of NEXT plc in a research note on Friday, August 26th.
NEXT plc (LON:NXT) opened at 5040.00 on Wednesday. The company’s market cap is GBX 7.31 billion. The stock has a 50 day moving average price of GBX 4,805.19 and a 200-day moving average price of GBX 5,131.83. NEXT plc has a 1-year low of GBX 3,550.00 and a 1-year 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 given a dividend of GBX 53 ($0.66) per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 8th.
NEXT plc 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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