NEXT plc (NXT) Shares Up 1.8%
NEXT plc (LON:NXT) shot up 1.8% during trading on Wednesday . The stock traded as high as GBX 5,080 ($68.49) and last traded at GBX 5,070 ($68.36). 678,057 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 656,053 shares. The stock had previously closed at GBX 4,978 ($67.12).
Several research firms have commented on NXT. Berenberg Bank restated a “sell” rating and issued a GBX 3,650 ($49.21) target price on shares of NEXT plc in a research note on Thursday, September 14th. Credit Suisse Group boosted their target price on NEXT plc from GBX 4,000 ($53.93) to GBX 4,200 ($56.63) and gave the company an “underperform” rating in a research note on Friday, September 15th. Numis Securities Ltd restated a “hold” rating and issued a GBX 5,100 ($68.76) target price on shares of NEXT plc in a research note on Friday, September 15th. Deutsche Bank AG boosted their target price on NEXT plc from GBX 4,150 ($55.95) to GBX 4,400 ($59.32) and gave the company a “hold” rating in a research note on Friday, September 15th. Finally, Jefferies Group LLC boosted their target price on NEXT plc from GBX 4,600 ($62.02) to GBX 5,200 ($70.11) and gave the company a “hold” rating in a research note on Friday, September 15th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 4,438.55 ($59.84).
The firm has a 50-day moving average price of GBX 4,322.41 and a 200-day moving average price of GBX 4,161.42. The firm’s market cap is GBX 7.23 billion.
The firm also recently declared a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be issued a dividend of GBX 53 ($0.71) per share. This is a positive change from NEXT plc’s previous dividend of $45.00. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, December 7th.
In other NEXT plc news, 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 acquired at an average cost of GBX 4,386 ($59.13) per share, for a total transaction of £397,415.46 ($535,816.99). Also, insider Caroline Goodall purchased 450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of GBX 4,294 ($57.89) per share, for a total transaction of £19,323 ($26,052.31).
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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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