Shares of NEXT plc (LON:NXT) fell 1.4% during mid-day trading on Wednesday . The stock traded as low as GBX 5,235 ($69.44) and last traded at GBX 5,245 ($69.57). 981,125 shares were traded during mid-day trading, an increase of 34% from the average session volume of 734,282 shares. The stock had previously closed at GBX 5,320 ($70.57).

Several research firms have recently issued reports on NXT. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 4,000 ($53.06) price target on shares of NEXT plc in a research report on Friday, September 1st. Barclays PLC reissued an “underweight” rating and issued a GBX 3,900 ($51.73) price target on shares of NEXT plc in a research report on Friday, June 30th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 4,580 ($60.75) price target on shares of NEXT plc in a research report on Friday, August 4th. Jefferies Group LLC boosted their price target on shares of NEXT plc from GBX 4,600 ($61.02) to GBX 5,200 ($68.97) and gave the company a “hold” rating in a research report on Friday, September 15th. Finally, Societe Generale boosted their price target on shares of NEXT plc from GBX 4,129 ($54.77) to GBX 4,737 ($62.83) and gave the company a “hold” rating in a research report on Friday, September 15th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 4,438.55 ($58.87).

The company has a 50-day moving average price of GBX 4,632.81 and a 200 day moving average price of GBX 4,265.58. The company’s market cap is GBX 7.32 billion.

The business also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 53 ($0.70) per share. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 1.05%. This is a boost from NEXT plc’s previous dividend of $45.00.

In related news, insider Michael J. Roney acquired 9,061 shares of NEXT plc stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of GBX 4,386 ($58.18) per share, for a total transaction of £397,415.46 ($527,146.12). Also, insider Caroline Goodall acquired 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The shares were bought at an average price of GBX 4,294 ($56.96) per share, for a total transaction of £19,323 ($25,630.72).

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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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