Next Plc Upgraded by Cantor Fitzgerald to “Buy” (NXT)
Next Plc (LON:NXT) was upgraded by analysts at Cantor Fitzgerald to a “buy” rating in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a GBX 6,500 ($106.61) price target on the stock, up from their previous price target of GBX 5,200 ($85.29). Cantor Fitzgerald’s price objective would indicate a potential upside of 6.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of Next Plc from GBX 6,100 ($100.05) to GBX 7,000 ($114.81) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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, up previously from GBX 5,150 ($84.47). Finally, 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). Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. Next Plc presently has an average rating of “Hold” and an average price target of GBX 5,447.92 ($89.35).
Next Plc (LON:NXT) traded up 1.40% on Monday, hitting GBX 6170.00. 504,921 shares of the company’s stock traded hands. Next Plc has a 1-year low of GBX 3864.00 and a 1-year high of GBX 5620.00. The stock’s 50-day moving average is GBX 5469.04 and its 200-day moving average is GBX 5115.75. The company’s market cap is £9.282 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.
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.