NEXT plc’s (NXT) Underperform Rating Reiterated at Credit Suisse Group
Credit Suisse Group restated their underperform rating on shares of NEXT plc (LON:NXT) in a research note issued to investors on Tuesday. Credit Suisse Group currently has a GBX 4,200 ($55.24) price target on the stock.
NXT has been the topic of a number of other research reports. Barclays PLC reaffirmed an underweight rating and set a GBX 3,900 ($51.30) target price on shares of NEXT plc in a report on Tuesday, August 1st. Morgan Stanley downgraded NEXT plc to an underweight rating and set a GBX 4,300 ($56.56) target price on the stock. in a report on Wednesday, October 11th. Deutsche Bank AG reaffirmed a hold rating on shares of NEXT plc in a report on Tuesday, August 1st. reaffirmed a reduce rating and set a GBX 3,800 ($49.98) target price on shares of NEXT plc in a report on Thursday, November 2nd. Finally, Jefferies Group LLC raised NEXT plc to a hold rating and increased their target price for the stock from GBX 3,500 ($46.03) to GBX 3,850 ($50.64) in a report on Thursday, July 27th. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 4,365.70 ($57.42).
NEXT plc (LON NXT) opened at GBX 4,340 ($57.08) on Tuesday. NEXT plc has a 1-year low of GBX 3,565 ($46.89) and a 1-year high of GBX 5,355 ($70.43).
The company also recently declared a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be given a dividend of GBX 45 ($0.59) per share. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 4th.
In other news, insider Michael J. Roney purchased 405 shares of the stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of GBX 4,313 ($56.73) per share, for a total transaction of £17,467.65 ($22,974.68).
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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