NEXT (NXT) Stock Rating Reaffirmed by Deutsche Bank
Deutsche Bank reiterated their hold rating on shares of NEXT (LON:NXT) in a research report sent to investors on Tuesday morning. Deutsche Bank currently has a GBX 4,500 ($60.17) target price on the stock.
Other equities analysts have also issued research reports about the stock. Peel Hunt reiterated a hold rating and set a GBX 4,200 ($56.16) price target on shares of NEXT in a report on Thursday, September 14th. Shore Capital reiterated a hold rating on shares of NEXT in a report on Thursday, September 14th. Societe Generale lifted their price target on shares of NEXT from GBX 4,129 ($55.21) to GBX 4,737 ($63.34) and gave the stock a hold rating in a report on Friday, September 15th. Numis Securities reiterated a hold rating and set a GBX 5,100 ($68.19) price target on shares of NEXT in a report on Friday, September 15th. Finally, Jefferies Group lifted their price target on shares of NEXT from GBX 4,600 ($61.51) to GBX 5,200 ($69.53) and gave the stock a hold rating in a report on Friday, September 15th. Thirteen analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. NEXT has a consensus rating of Hold and a consensus target price of GBX 4,294.45 ($57.42).
NEXT (LON:NXT) opened at GBX 4,854 ($64.90) on Tuesday. The company has a market cap of $7,080.00 and a price-to-earnings ratio of 1,134.11. NEXT has a fifty-two week low of GBX 3,565 ($47.67) and a fifty-two week high of GBX 5,355 ($71.60).
The business also recently declared a dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be paid a GBX 45 ($0.60) dividend. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 4th.
In related news, insider Michael J. Roney purchased 405 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of GBX 4,313 ($57.67) per share, with a total value of £17,467.65 ($23,355.60).
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NEXT 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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