Deutsche Bank AG Reiterates Buy Rating for NEXT plc (NXT)
NEXT plc (LON:NXT)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a note issued to investors on Tuesday. They presently have a GBX 5,950 ($72.52) target price on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 32.10% from the stock’s previous close.
A number of other research firms have also recently commented on NXT. Haitong Bank reissued a “buy” rating and set a GBX 5,900 ($71.91) price target on shares of NEXT plc in a report on Wednesday, September 21st. Royal Bank Of Canada decreased their price target on NEXT plc from GBX 5,800 ($70.69) to GBX 5,600 ($68.25) and set a “sector performer” rating on the stock in a report on Monday, September 19th. Numis Securities Ltd reissued an “add” rating and set a GBX 5,750 ($70.08) price target on shares of NEXT plc in a report on Friday, September 16th. Morgan Stanley reissued an “equal weight” rating and set a GBX 5,500 ($67.03) price target on shares of NEXT plc in a report on Friday, September 16th. Finally, Beaufort Securities reissued a “buy” rating on shares of NEXT plc in a report on Friday, September 16th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 5,596.67 ($68.21).
Shares of NEXT plc (LON:NXT) opened at 4504.00 on Tuesday. The company’s market cap is GBX 6.53 billion. The stock has a 50 day moving average price of GBX 5,030.25 and a 200-day moving average price of GBX 5,193.99. NEXT plc has a 1-year low of GBX 3,550.00 and a 1-year high of GBX 8,175.00.
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The firm also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be paid a GBX 53 ($0.65) dividend. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 8th.
NEXT plc Company Profile
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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