Next Plc Stock Rating Reaffirmed by Barclays (NXT)
Next Plc (LON:NXT)‘s stock had its “equal weight” rating restated by analysts at Barclays in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. They currently have a GBX 5,650 ($92.67) target price on the stock. Barclays’ price target suggests a potential downside of 7.15% from the stock’s previous close.
Next Plc (LON:NXT) opened at 6065.00 on Monday. Next Plc has a one year low of GBX 3864.00 and a one year 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.
A number of other firms have also recently commented on NXT. 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). Separately, 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. Finally, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Next Plc in a research note to investors on Friday, December 20th. They now have a GBX 5,200 ($85.29) price target on the stock. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus 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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