Next Plc Price Target Increased to GBX 7,000 by Analysts at Citigroup Inc. (NXT)
Equities researchers at Citigroup Inc. lifted their price target on shares of Next Plc (LON:NXT) from GBX 6,100 ($100.05) to GBX 7,000 ($114.81) in a research report issued on Monday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 15.04% from the company’s current price.
Next Plc (LON:NXT) opened at 6065.00 on Monday. Next Plc has a 52 week low of GBX 3864.00 and a 52 week high of GBX 5620.00. The stock has a 50-day moving average of GBX 5469.04 and a 200-day moving average of GBX 5115.75. The company’s market cap is £9.124 billion.
The company also recently announced a dividend, which is scheduled for Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of GBX 50 ($0.82) per share. This represents a dividend yield of 0.82%. The ex-dividend date is Wednesday, January 15th.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Next Plc in a research note to investors on Monday. They now have a GBX 5,650 ($92.67) price target on the stock. Separately, analysts at Nomura upgraded shares of Next Plc to a “buy” rating in a research note to investors on Friday. They now have a GBX 6,500 ($106.61) price target on the stock, up previously from GBX 5,380 ($88.24). Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Next Plc in a research note to investors on Friday. They now have a GBX 5,900 ($96.77) price target on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 5,382.92 ($88.29).
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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