NEXT plc’s (NXT) Buy Rating Reiterated at Haitong Bank
Haitong Bank reaffirmed their buy rating on shares of NEXT plc (LON:NXT) in a research note issued to investors on Thursday morning. Haitong Bank currently has a GBX 5,900 ($77.01) target price on the stock.
NXT has been the topic of a number of other research reports. BNP Paribas upped their price target on shares of NEXT plc from GBX 4,900 ($63.96) to GBX 5,600 ($73.10) and gave the company an underperform rating in a research note on Friday, September 9th. Deutsche Bank AG reaffirmed a buy rating on shares of NEXT plc in a research note on Wednesday, August 31st. Espirito Santo Investment Bank Research reaffirmed a sell rating and set a GBX 5,500 ($71.79) price target on shares of NEXT plc in a research note on Thursday, August 25th. Royal Bank Of Canada upped their price target on shares of NEXT plc from GBX 5,500 ($71.79) to GBX 5,800 ($75.71) and gave the company a sector perform rating in a research note on Tuesday, August 30th. Finally, Barclays PLC decreased their price target on shares of NEXT plc from GBX 7,500 ($97.90) to GBX 6,000 ($78.32) and set an overweight rating on the stock in a research note on Friday, July 22nd. Four 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. NEXT plc presently has a consensus rating of Hold and a consensus target price of GBX 5,596.67 ($73.05).
Shares of NEXT plc (LON:NXT) opened at 4955.00 on Thursday. The stock’s market capitalization is GBX 7.25 billion. NEXT plc has a 52-week low of GBX 3,550.00 and a 52-week high of GBX 8,175.00. The stock has a 50 day moving average of GBX 5,389.92 and a 200 day moving average of GBX 5,422.87.
The business also recently declared a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be issued a GBX 53 ($0.69) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 8th.
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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