Haitong Bank Reiterates “Buy” Rating for NEXT plc (NXT)
NEXT plc (LON:NXT)‘s stock had its “buy” rating reissued by investment analysts at Haitong Bank in a research note issued on Wednesday. They currently have a GBX 5,900 ($77.01) target price on the stock. Haitong Bank’s price objective would indicate a potential upside of 20.48% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. Espirito Santo Investment Bank Research reissued a “sell” rating and issued a GBX 5,500 ($71.79) price objective on shares of NEXT plc in a research note on Thursday, August 25th. BNP Paribas increased their price objective on NEXT plc from GBX 4,900 ($63.96) to GBX 5,600 ($73.10) and gave the stock an “underperform” rating in a research note on Friday, September 9th. Goldman Sachs Group Inc. raised NEXT plc to a “neutral” rating and increased their price objective for the stock from GBX 4,800 ($62.66) to GBX 5,600 ($73.10) in a research note on Tuesday, September 6th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 5,950 ($77.67) price objective on shares of NEXT plc in a research note on Thursday, September 8th. Finally, Royal Bank Of Canada increased their price objective on NEXT plc from GBX 5,500 ($71.79) to GBX 5,800 ($75.71) and gave the stock a “sector perform” rating in a research note on Tuesday, August 30th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. NEXT plc has a consensus rating of “Hold” and an average target price of GBX 5,596.67 ($73.05).
NEXT plc (LON:NXT) opened at 4897.00 on Wednesday. NEXT plc has a 12-month low of GBX 3,550.00 and a 12-month high of GBX 8,175.00. The stock’s market cap is GBX 7.10 billion. The firm has a 50-day moving average price of GBX 5,376.59 and a 200-day moving average price of GBX 5,410.32.
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The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be given a GBX 53 ($0.69) dividend. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 1.07%.
About NEXT plc
NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties.
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