Peel Hunt Reaffirms “Reduce” Rating for NEXT plc (NXT)
Peel Hunt reaffirmed their reduce rating on shares of NEXT plc (LON:NXT) in a research report sent to investors on Thursday morning. Peel Hunt currently has a GBX 4,800 ($62.66) price target on the stock.
A number of other equities research analysts also recently issued reports on the stock. Berenberg Bank reduced their price objective on shares of NEXT plc from GBX 8,150 ($106.38) to GBX 7,600 ($99.20) and set a buy rating for the company in a research report on Wednesday, June 1st. Credit Suisse Group AG reduced their price objective on shares of NEXT plc from GBX 7,000 ($91.37) to GBX 6,600 ($86.15) and set an underperform rating for the company in a research report on Wednesday, June 1st. Beaufort Securities reaffirmed a buy rating on shares of NEXT plc in a research report on Wednesday, June 1st. Citigroup Inc. reduced their price objective on shares of NEXT plc from GBX 8,400 ($109.65) to GBX 7,800 ($101.81) and set a buy rating for the company in a research report on Wednesday, June 1st. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a GBX 7,200 ($93.98) price objective on shares of NEXT plc in a research report on Wednesday, June 1st. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 5,596.67 ($73.05).
NEXT plc (LON:NXT) opened at 4955.00 on Thursday. The company’s market capitalization is GBX 7.25 billion. The stock’s 50 day moving average is GBX 5,389.92 and its 200 day moving average is GBX 5,422.87. NEXT plc has a one year low of GBX 3,550.00 and a one year high of GBX 8,175.00.
The firm also recently declared a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be paid 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.
Receive News & Ratings for NEXT plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT plc and related companies with Analyst Ratings Network's FREE daily email newsletter.