A number of other brokerages have also recently commented on NXT. Morgan Stanley cut NEXT to an underweight rating and set a GBX 4,300 ($57.49) price objective for the company. in a research note on Wednesday, October 11th. Barclays reaffirmed an underweight rating and set a GBX 3,900 ($52.15) price objective on shares of NEXT in a research note on Friday, September 22nd. Credit Suisse Group lifted their price objective on NEXT from GBX 4,000 ($53.48) to GBX 4,200 ($56.16) and gave the stock an underperform rating in a research note on Friday, September 15th. Numis Securities reiterated a hold rating and set a GBX 5,100 ($68.19) target price on shares of NEXT in a report on Friday, September 15th. Finally, Jefferies Group lifted their target price on NEXT from GBX 4,600 ($61.51) to GBX 5,200 ($69.53) and gave the stock a hold rating in a report on Friday, September 15th. Thirteen research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 4,285.75 ($57.30).
Shares of NEXT (NXT) traded up GBX 98 ($1.31) during trading on Tuesday, hitting GBX 4,846 ($64.79). The company had a trading volume of 516,511 shares, compared to its average volume of 538,724. NEXT has a twelve month low of GBX 3,565 ($47.67) and a twelve month high of GBX 5,355 ($71.60). The firm has a market capitalization of $7,080.00 and a PE ratio of 1,132.24.
The company also recently declared a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a GBX 45 ($0.60) dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a dividend yield of 1.01%.
In other news, insider Michael J. Roney purchased 405 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of GBX 4,313 ($57.67) per share, for a total transaction of £17,467.65 ($23,355.60).
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NEXT 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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