NEXT plc (LON:NXT) had its target price raised by Credit Suisse Group from GBX 4,000 ($51.66) to GBX 4,200 ($54.24) in a research note published on Friday morning. The firm currently has an underperform rating on the stock.
A number of other brokerages also recently commented on NXT. J P Morgan Chase & Co boosted their target price on shares of NEXT plc from GBX 4,580 ($59.15) to GBX 4,830 ($62.38) and gave the stock a neutral rating in a research note on Friday. Deutsche Bank AG boosted their target price on shares of NEXT plc from GBX 4,150 ($53.60) to GBX 4,400 ($56.83) and gave the stock a hold rating in a research note on Friday. Jefferies Group LLC boosted their target price on shares of NEXT plc from GBX 4,600 ($59.41) to GBX 5,200 ($67.16) and gave the stock a hold rating in a research note on Friday. Societe Generale boosted their target price on shares of NEXT plc from GBX 4,129 ($53.33) to GBX 4,737 ($61.18) and gave the stock a hold rating in a research note on Friday. Finally, Numis Securities Ltd reiterated a hold rating and set a GBX 5,100 ($65.87) target price on shares of NEXT plc in a research note on Friday. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 4,489.10 ($57.98).
Shares of NEXT plc (LON NXT) traded up 1.02% during mid-day trading on Friday, hitting GBX 5045.00. The stock had a trading volume of 1,306,682 shares. The firm’s market cap is GBX 7.20 billion. The stock’s 50-day moving average is GBX 4,264.05 and its 200 day moving average is GBX 4,142.78. NEXT plc has a 12 month low of GBX 3,565.00 and a 12 month high of GBX 5,225.00.
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The firm also recently announced a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 5th will be issued a GBX 45 ($0.58) dividend. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.02%.
In other NEXT plc news, insider Michael J. Roney bought 9,061 shares of NEXT plc stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73). Also, insider Caroline Goodall bought 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of GBX 4,294 ($55.46) per share, with a total value of £19,323 ($24,955.44).
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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