NEXT plc’s (NXT) Buy Rating Reiterated at Haitong Bank
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada reissued a sector performer rating on shares of NEXT plc in a research note on Monday, August 1st. Societe Generale restated a hold rating on shares of NEXT plc in a report on Tuesday, June 28th. Goldman Sachs Group Inc. upgraded NEXT plc to a neutral rating and raised their price objective for the company from GBX 4,800 ($62.66) to GBX 5,600 ($73.10) in a report on Tuesday, September 6th. Deutsche Bank AG decreased their price objective on NEXT plc from GBX 6,850 ($89.41) to GBX 5,950 ($77.67) and set a buy rating on the stock in a report on Monday, July 4th. Finally, Credit Suisse Group AG restated a neutral rating and issued a GBX 4,950 ($64.61) price objective on shares of NEXT plc in a report on Friday, June 24th. 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. The company currently has a consensus rating of Hold and an average target price of GBX 5,596.67 ($73.05).
NEXT plc (LON:NXT) opened at 4955.00 on Thursday. The stock has a 50 day moving average of GBX 5,389.92 and a 200-day moving average of GBX 5,422.87. NEXT plc has a 12-month low of GBX 3,550.00 and a 12-month high of GBX 8,175.00. The company’s market capitalization is GBX 7.25 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be given a dividend of GBX 53 ($0.69) per share. 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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