NEXT plc (NXT) Receives “Reduce” Rating from HSBC Holdings plc

HSBC Holdings plc reaffirmed their reduce rating on shares of NEXT plc (LON:NXT) in a research report sent to investors on Thursday. They currently have a GBX 3,800 ($50.15) target price on the stock.

Other research analysts also recently issued reports about the company. Credit Suisse Group restated an underperform rating and set a GBX 4,000 ($52.78) target price on shares of NEXT plc in a research note on Friday, September 1st. Peel Hunt restated a hold rating and set a GBX 5,000 ($65.98) target price on shares of NEXT plc in a research note on Wednesday, November 1st. Deutsche Bank AG restated a hold rating and set a GBX 4,400 ($58.06) target price on shares of NEXT plc in a research note on Thursday. J P Morgan Chase & Co restated a neutral rating and set a GBX 4,580 ($60.44) target price on shares of NEXT plc in a research note on Friday, August 4th. Finally, Jefferies Group LLC boosted their target price on NEXT plc from GBX 4,600 ($60.70) to GBX 5,200 ($68.62) and gave the stock a hold rating in a research note on Friday, September 15th. Seven 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’s stock. The company has a consensus rating of Hold and an average target price of GBX 4,491 ($59.26).

NEXT plc (NXT) opened at GBX 4,438 ($58.56) on Thursday. NEXT plc has a one year low of GBX 3,565 ($47.04) and a one year high of GBX 5,355 ($70.67).

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The business also recently disclosed a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a GBX 45 ($0.59) dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a dividend yield of 1.01%.

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.

Analyst Recommendations for NEXT plc (LON:NXT)

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