A number of other research firms also recently issued reports on NXT. Morgan Stanley downgraded NEXT plc to an underweight rating and set a GBX 4,300 ($56.56) price target for the company. in a research report on Wednesday, October 11th. Barclays PLC restated an underweight rating and set a GBX 3,900 ($51.30) price objective on shares of NEXT plc in a research note on Friday, September 22nd. Berenberg Bank reissued a sell rating and issued a GBX 3,650 ($48.01) price objective on shares of NEXT plc in a report on Thursday, September 14th. J P Morgan Chase & Co increased their price target on NEXT plc from GBX 4,580 ($60.24) to GBX 4,830 ($63.53) and gave the company a neutral rating in a research note on Friday, September 15th. Finally, Deutsche Bank AG increased their price objective on NEXT plc from GBX 4,150 ($54.58) to GBX 4,400 ($57.87) and gave the company a hold rating in a research report on Friday, September 15th. Ten 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 stock currently has a consensus rating of Hold and an average price target of GBX 4,365.70 ($57.42).
NEXT plc (NXT) traded down GBX 31 ($0.41) during midday trading on Thursday, hitting GBX 4,340 ($57.08). The stock had a trading volume of 458,346 shares, compared to its average volume of 694,086. NEXT plc has a 12 month low of GBX 43.19 ($0.57) and a 12 month high of GBX 5,355 ($70.43).
The firm also recently declared a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid 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 acquired 405 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was 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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