NEXT plc (LON:NXT) Earns Underweight Rating from Barclays PLC

Barclays PLC restated their underweight rating on shares of NEXT plc (LON:NXT) in a report released on Thursday, November 2nd, MarketBeat.com reports.

NXT has been the subject of several other research reports. Morgan Stanley downgraded NEXT plc to an underweight rating and set a GBX 4,300 ($56.56) target price for the company. in a research report on Wednesday, October 11th. Berenberg Bank restated a sell rating and set a GBX 3,650 ($48.01) price objective on shares of NEXT plc in a research note 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 stock a neutral rating in a research report on Friday, September 15th. Deutsche Bank AG increased their price target on NEXT plc from GBX 4,150 ($54.58) to GBX 4,400 ($57.87) and gave the stock a hold rating in a research report on Friday, September 15th. Finally, Jefferies Group LLC increased their price objective on NEXT plc from GBX 4,600 ($60.50) to GBX 5,200 ($68.39) and gave the stock a hold rating in a report on Friday, September 15th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 4,365.70 ($57.42).

Shares of NEXT plc (NXT) traded down GBX 31 ($0.41) during trading hours 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 twelve month low of GBX 43.19 ($0.57) and a twelve month high of GBX 5,355 ($70.43).

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The firm also recently declared a dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a dividend of GBX 45 ($0.59) per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 1.01%.

In other news, insider Michael J. Roney bought 405 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of GBX 4,313 ($56.73) per share, with a total value of £17,467.65 ($22,974.68).

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.

Analyst Recommendations for NEXT plc (LON:NXT)

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