NEXT plc (NXT) Receives Hold Rating from Deutsche Bank AG
Other equities research analysts also recently issued research reports about the company. Barclays PLC reaffirmed an underweight rating and set a GBX 3,900 ($50.44) target price on shares of NEXT plc in a report on Friday, June 30th. Jefferies Group LLC reaffirmed an underperform rating and set a GBX 3,500 ($45.27) target price on shares of NEXT plc in a report on Friday, May 5th. HSBC Holdings plc decreased their price target on NEXT plc from GBX 3,530 ($45.65) to GBX 3,360 ($43.46) and set a reduce rating for the company in a report on Wednesday, May 17th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 4,580 ($59.23) price target on shares of NEXT plc in a report on Friday, August 4th. Finally, Shore Capital reissued a sell rating on shares of NEXT plc in a report on Monday, May 15th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. NEXT plc has an average rating of Hold and an average price target of GBX 4,484.86 ($58.00).
Shares of NEXT plc (NXT) traded up 0.12% during trading on Friday, hitting GBX 4134.00. 433,307 shares of the stock traded hands. The firm’s market cap is GBX 5.90 billion. The stock has a 50 day moving average of GBX 4,060.00 and a 200 day moving average of GBX 4,099.05. NEXT plc has a 52-week low of GBX 3,565.00 and a 52-week high of GBX 5,705.00.
The firm also recently announced a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 5th will be paid a dividend of GBX 45 ($0.58) per share. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, October 5th.
In other news, insider Caroline Goodall purchased 450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of GBX 4,294 ($55.54) per share, for a total transaction of £19,323 ($24,990.95). Also, insider Michael J. Roney purchased 9,061 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of GBX 4,386 ($56.73) per share, with a total value of £397,415.46 ($513,987.92).
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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