NEXT plc (NXT) Receives “Equal weight” Rating from Morgan Stanley
Other equities research analysts also recently issued reports about the stock. Numis Securities Ltd reiterated an add rating and set a GBX 5,750 ($76.58) price target on shares of NEXT plc in a research report on Thursday, August 4th. Citigroup Inc. reduced their price target on shares of NEXT plc from GBX 8,400 ($111.88) to GBX 7,800 ($103.89) and set a buy rating for the company in a research report on Wednesday, June 1st. Berenberg Bank reduced their price target on shares of NEXT plc from GBX 8,150 ($108.55) to GBX 7,600 ($101.23) and set a buy rating for the company in a research report on Wednesday, June 1st. Beaufort Securities reissued a buy rating on shares of NEXT plc in a research note on Wednesday, June 1st. Finally, Haitong Bank reissued a buy rating and set a GBX 5,900 ($78.58) price objective on shares of NEXT plc in a research note on Tuesday, May 31st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 5,596.67 ($74.54).
NEXT plc (LON:NXT) opened at 5030.00 on Friday. The firm’s market capitalization is GBX 7.36 billion. NEXT plc has a 1-year low of GBX 3,550.00 and a 1-year high of GBX 8,175.00. The firm’s 50-day moving average price is GBX 5,378.11 and its 200-day moving average price is GBX 5,452.14.
The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be issued a GBX 53 ($0.71) dividend. The ex-dividend date is Thursday, December 8th. This represents a 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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