NEXT plc Plans Dividend of GBX 45 (NXT)
NEXT plc (LON:NXT) declared a dividend on Wednesday, November 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 4th will be paid a dividend of GBX 45 ($0.59) per share on Thursday, January 25th. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 4th. The official announcement can be viewed at this link.
A number of equities research analysts have weighed in on NXT shares. Barclays PLC reissued an “underweight” rating on shares of NEXT plc in a report on Thursday, August 31st. Jefferies Group LLC raised shares of NEXT plc to a “hold” rating and boosted their target price for the stock from GBX 3,500 ($46.19) to GBX 3,850 ($50.80) in a report on Thursday, July 27th. Shore Capital reissued a “hold” rating on shares of NEXT plc in a report on Thursday, August 3rd. HSBC Holdings plc reissued a “reduce” rating and set a GBX 3,360 ($44.34) target price on shares of NEXT plc in a report on Friday, July 21st. Finally, Societe Generale boosted their target price on shares of NEXT plc from GBX 4,129 ($54.49) to GBX 4,737 ($62.51) and gave the stock a “hold” rating in a report on Friday, September 15th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 4,470.05 ($58.99).
In other NEXT plc 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).
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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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