Royal Bank Of Canada Trims NEXT plc (NXT) Target Price to GBX 5,600
NEXT plc (LON:NXT) had its price target cut by equities research analysts at Royal Bank Of Canada from GBX 5,800 ($77.25) to GBX 5,600 ($74.59) in a note issued to investors on Monday. The brokerage currently has a “sector performer” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 11.89% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Haitong Bank reiterated a “buy” rating and issued a GBX 5,900 ($78.58) price objective on shares of NEXT plc in a report on Tuesday, May 31st. Beaufort Securities reiterated a “buy” rating on shares of NEXT plc in a report on Wednesday, June 1st. Berenberg Bank decreased their price objective on NEXT plc from GBX 8,150 ($108.55) to GBX 7,600 ($101.23) and set a “buy” rating for the company in a report on Wednesday, June 1st. Citigroup Inc. decreased their price objective on NEXT plc from GBX 8,400 ($111.88) to GBX 7,800 ($103.89) and set a “buy” rating for the company in a report on Wednesday, June 1st. Finally, Credit Suisse Group AG decreased their price objective on NEXT plc from GBX 7,000 ($93.23) to GBX 6,600 ($87.91) and set an “underperform” rating for the company in a report on Wednesday, June 1st. Four equities research 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. The company has an average rating of “Hold” and a consensus target price of GBX 5,596.67 ($74.54).
Shares of NEXT plc (LON:NXT) traded up 0.60% during trading on Monday, hitting GBX 5035.00. 263,951 shares of the company were exchanged. The stock’s market capitalization is GBX 7.37 billion. NEXT plc has a 1-year low of GBX 3,550.00 and a 1-year high of GBX 8,175.00. The company has a 50 day moving average of GBX 5,378.11 and a 200-day moving average of GBX 5,452.14.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be given a dividend of GBX 53 ($0.71) per share. 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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