Next Plc Upgraded to Hold by Santander (NXT)
Next Plc (LON:NXT) was upgraded by investment analysts at Santander to a “hold” rating in a note issued to investors on Friday, ARN reports. The firm currently has a GBX 6,225 ($102.10) price target on the stock, up from their previous price target of GBX 5,200 ($85.29). Santander’s price objective points to a potential upside of 2.89% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue upgraded shares of Next Plc to a “reduce” rating in a research note to investors on Tuesday. They now have a GBX 5,882.20 ($96.48) price target on the stock, up previously from GBX 5,270.50 ($86.44). Separately, analysts at HSBC upgraded shares of Next Plc to an “overweight” rating in a research note to investors on Tuesday. They now have a GBX 6,880 ($112.84) price target on the stock, up previously from GBX 5,610 ($92.01). Finally, 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. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Next Plc has an average rating of “Hold” and a consensus target price of GBX 5,658.84 ($92.81).
Next Plc (LON:NXT) traded up 1.90% on Friday, hitting GBX 6165.00. 180,008 shares of the company’s stock traded hands. Next Plc has a one year low of GBX 3889.00 and a one year high of GBX 6255.00. 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 £9.275 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.
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