NEXT plc (NXT) Rating Reiterated by Goldman Sachs Group, Inc. (The)
NEXT plc (LON:NXT)‘s stock had its “neutral” rating reaffirmed by research analysts at Goldman Sachs Group, Inc. (The) in a report issued on Tuesday. They presently have a GBX 4,250 ($54.15) target price on the stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential upside of 2.46% from the company’s previous close.
Several other analysts have also recently weighed in on the company. Credit Suisse Group cut NEXT plc to an “underperform” rating and cut their price objective for the company from GBX 4,250 ($54.15) to GBX 4,000 ($50.96) in a research report on Thursday, June 15th. HSBC Holdings plc reaffirmed a “reduce” rating and set a GBX 3,360 ($42.81) price objective on shares of NEXT plc in a research report on Wednesday, June 7th. Shore Capital reaffirmed a “sell” rating on shares of NEXT plc in a research report on Monday, May 15th. Investec raised NEXT plc to a “buy” rating and lifted their price objective for the company from GBX 3,900 ($49.69) to GBX 4,750 ($60.52) in a research report on Wednesday, May 10th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 4,580 ($58.35) price objective on shares of NEXT plc in a research report on Monday, May 8th. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 4,480.10 ($57.08).
Shares of NEXT plc (NXT) traded down 2.39% on Tuesday, reaching GBX 4049.00. The company’s stock had a trading volume of 268,171 shares. NEXT plc has a 12-month low of GBX 3,550.00 and a 12-month high of GBX 5,705.00. The company’s market cap is GBX 5.78 billion. The company’s 50 day moving average price is GBX 4,322.46 and its 200 day moving average price is GBX 4,244.66.
The business also recently announced a dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, July 6th will be paid a dividend of GBX 105 ($1.34) per share. The ex-dividend date is Thursday, July 6th. This is a positive change from NEXT plc’s previous dividend of $53.00. This represents a yield of 2.5%.
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In related news, insider Michael J. Roney bought 5,000 shares of the firm’s stock in a transaction on Monday, March 27th. The stock was acquired at an average cost of GBX 4,138 ($52.72) per share, for a total transaction of £206,900 ($263,600.46).
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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