Next Plc Rating Increased to Overweight at HSBC (NXT)
Next Plc (LON:NXT) was upgraded by investment analysts at HSBC to an “overweight” rating in a note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has a GBX 6,880 ($112.84) price objective on the stock, up from their previous price objective of GBX 5,610 ($92.01). HSBC’s target price points to a potential upside of 11.51% from the company’s current price.
Next Plc (LON:NXT) traded up 0.65% on Tuesday, hitting GBX 6170.00. The stock had a trading volume of 304,255 shares. Next Plc has a 52 week low of GBX 3873.4001 and a 52 week high of GBX 6170.00. The stock has a 50-day moving average of GBX 5469.04 and a 200-day moving average of GBX 5138.45. The company’s market cap is £9.282 billion.
The company also recently announced a dividend, which is scheduled for Monday, February 3rd. Shareholders 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 Seymour Pierce raised their price target on shares of Next Plc from GBX 5,200 ($85.29) to GBX 6,500 ($106.61) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald upgraded shares of Next Plc to a “buy” rating in a research note to investors on Monday. They now have a GBX 6,500 ($106.61) price target on the stock, up previously from GBX 5,200 ($85.29). Finally, 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. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Next Plc has a consensus rating of “Hold” and an average target price of GBX 5,600.50 ($91.86).
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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