NEXT plc (NXT) Receives Consensus Rating of “Hold” from Analysts
NEXT plc (LON:NXT) has received a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 4,470.05 ($58.99).
Several research firms have recently commented on NXT. Credit Suisse Group restated an “underperform” rating and set a GBX 4,000 ($52.78) price objective on shares of NEXT plc in a report on Friday, September 1st. Peel Hunt reiterated a “hold” rating and set a GBX 5,000 ($65.98) price objective on shares of NEXT plc in a research note on Wednesday. Shore Capital reiterated a “hold” rating on shares of NEXT plc in a research note on Wednesday. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 4,830 ($63.74) target price on shares of NEXT plc in a research note on Thursday. Finally, Deutsche Bank AG restated a “hold” rating and issued a GBX 4,400 ($58.06) target price on shares of NEXT plc in a research note on Thursday.
In other news, insider Caroline Goodall acquired 450 shares of the stock in a transaction on Monday, August 7th. The shares were purchased at an average price of GBX 4,294 ($56.66) per share, for a total transaction of £19,323 ($25,498.81).
The firm also recently declared a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be paid a GBX 53 ($0.70) dividend. This represents a yield of 1.05%. The ex-dividend date is Thursday, December 7th. This is a boost from NEXT plc’s previous dividend of $45.00.
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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