NEXT plc’s (NXT) “Buy” Rating Reaffirmed at Deutsche Bank AG
Several other equities research analysts have also recently weighed in on the stock. Canaccord Genuity reaffirmed a hold rating and set a GBX 5,350 ($71.26) price objective on shares of NEXT plc in a research report on Thursday. Peel Hunt reaffirmed a reduce rating and set a GBX 4,800 ($63.93) price objective on shares of NEXT plc in a research report on Thursday. Investec reissued a sell rating and issued a GBX 4,900 ($65.26) target price on shares of NEXT plc in a report on Thursday. Haitong Bank reissued a buy rating and issued a GBX 5,900 ($78.58) target price on shares of NEXT plc in a report on Thursday. Finally, HSBC reissued a hold rating and issued a GBX 4,485 ($59.74) target price on shares of NEXT plc in a report on Wednesday, September 14th. 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 stock. The stock presently has an average rating of Hold and a consensus price target of GBX 5,596.67 ($74.54).
NEXT plc (LON:NXT) opened at 5030.00 on Friday. The company’s 50-day moving average is GBX 5,378.11 and its 200 day moving average is GBX 5,452.14. The company’s market cap 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 company also recently announced a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be issued a GBX 53 ($0.71) dividend. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, December 8th.
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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