Peel Hunt Reaffirms “Reduce” Rating for NEXT plc (NXT)
Several other brokerages have also recently issued reports on NXT. Jefferies Group reaffirmed a hold rating and issued a GBX 4,600 ($60.04) target price on shares of NEXT plc in a report on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 5,500 ($71.79) target price on shares of NEXT plc in a report on Thursday, August 4th. BNP Paribas lifted their target price on shares of NEXT plc from GBX 4,900 ($63.96) to GBX 5,600 ($73.10) and gave the stock an underperform rating in a report on Friday, September 9th. Barclays PLC decreased their target price on shares of NEXT plc from GBX 7,500 ($97.90) to GBX 6,000 ($78.32) and set an overweight rating for the company in a report on Friday, July 22nd. Finally, Societe Generale decreased their target price on shares of NEXT plc from GBX 7,133 ($93.11) to GBX 5,695 ($74.34) and set a hold rating for the company in a report on Friday, August 5th. Four investment 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 company 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 company’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 52 week low of GBX 3,550.00 and a 52 week high of GBX 8,175.00. The stock’s market capitalization is GBX 7.25 billion.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.07%.
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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