Next Plc Receives Hold Rating from Investec (NXT)
Next Plc (LON:NXT)‘s stock had its “hold” rating restated by investment analysts at Investec in a note issued to investors on Tuesday, AR Network reports. They currently have a GBX 6,300 ($103.53) price objective on the stock. Investec’s price objective indicates a potential upside of 2.69% from the stock’s previous close.
NXT has been the subject of a number of other recent research reports. Analysts at BNP Paribas raised their price target on shares of Next Plc from GBX 5,400 ($88.74) to GBX 6,200 ($101.89) in a research note to investors on Thursday, January 23rd. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Next Plc from GBX 5,500 ($90.39) to GBX 6,500 ($106.82) in a research note to investors on Friday, January 17th. They now have a “neutral” rating on the stock. Finally, analysts at Santander upgraded shares of Next Plc to a “hold” rating in a research note to investors on Friday, January 10th. They now have a GBX 6,225 ($102.30) price target on the stock, up previously from GBX 5,200 ($85.46). Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Next Plc presently has a consensus rating of “Hold” and an average price target of GBX 5,775.50 ($94.91).
Shares of Next Plc (LON:NXT) traded down 0.89% on Tuesday, hitting GBX 6135.00. 351,157 shares of the company’s stock traded hands. Next Plc has a 1-year low of GBX 4043.9998 and a 1-year high of GBX 6415.00. The stock’s 50-day moving average is GBX 5911.62 and its 200-day moving average is GBX 5360.83. The company’s market cap is £9.229 billion.
The company also recently declared a dividend, which is scheduled for Thursday, May 1st. Shareholders of record on Wednesday, April 2nd will be given a dividend of GBX 50 ($0.82) per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, April 2nd.
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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