NEXT plc Given “Buy” Rating at Seymour Pierce (NXT)
NEXT plc (LON:NXT)‘s stock had its “buy” rating restated by research analysts at Seymour Pierce in a report released on Wednesday, Analyst Ratings News reports. They currently have a GBX 7,200 ($120.97) price objective on the stock. Seymour Pierce’s price target points to a potential upside of 8.27% from the company’s current price.
Shares of NEXT plc (LON:NXT) traded up 1.99% during mid-day trading on Wednesday, hitting GBX 6650.00. 721,558 shares of the company’s stock traded hands. NEXT plc has a 52 week low of GBX 4381.00 and a 52 week high of GBX 7967.00. The stock’s 50-day moving average is GBX 6568.37 and its 200-day moving average is GBX 6023.. The company’s market cap is £9.898 billion.
The company also recently announced a dividend, which is scheduled for Friday, August 1st. Shareholders of record on Wednesday, July 9th will be paid a dividend of GBX 93 ($1.56) per share. This represents a dividend yield of 1.38%. The ex-dividend date is Wednesday, July 9th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of NEXT plc in a research note on Thursday. They now have a GBX 7,025 ($118.03) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of NEXT plc from GBX 7,400 ($124.33) to GBX 7,600 ($127.69) in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of NEXT plc in a research note on Thursday. They now have a GBX 5,500 ($92.41) price target on the stock. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 6,208.20 ($104.30).
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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