NEXT plc (NXT) Given New GBX 4,737 Price Target at Societe Generale
NEXT plc (LON:NXT) had its target price lifted by Societe Generale from GBX 4,129 ($55.67) to GBX 4,737 ($63.87) in a research note released on Friday morning. They currently have a hold rating on the stock.
A number of other analysts have also commented on NXT. Peel Hunt reaffirmed a hold rating and set a GBX 4,200 ($56.63) price objective on shares of NEXT plc in a research note on Thursday, September 14th. Jefferies Group LLC increased their price objective on NEXT plc from GBX 3,850 ($51.91) to GBX 4,600 ($62.02) and gave the company an underperform rating in a research note on Friday, August 11th. Barclays PLC reaffirmed an underweight rating and set a GBX 3,900 ($52.58) price objective on shares of NEXT plc in a research note on Tuesday, August 1st. Canaccord Genuity reaffirmed a sell rating and set a GBX 3,714 ($50.07) price objective on shares of NEXT plc in a research note on Thursday, August 3rd. Finally, Investec reaffirmed a buy rating and set a GBX 4,750 ($64.04) price objective on shares of NEXT plc in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 4,438.55 ($59.84).
NEXT plc (LON:NXT) opened at 4973.00 on Friday. The firm’s market cap is GBX 7.09 billion. The stock’s 50 day moving average is GBX 4,304.19 and its 200 day moving average is GBX 4,154.18. NEXT plc has a 12 month low of GBX 3,565.00 and a 12 month high of GBX 5,225.00.
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The company also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 7th will be paid a GBX 53 ($0.71) dividend. This is a positive change from NEXT plc’s previous dividend of $45.00. This represents a dividend yield of 1.05%. The ex-dividend date is Thursday, December 7th.
In related news, insider Michael J. Roney bought 9,061 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of GBX 4,386 ($59.13) per share, for a total transaction of £397,415.46 ($535,816.99). Also, insider Caroline Goodall bought 450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of GBX 4,294 ($57.89) per share, for a total transaction of £19,323 ($26,052.31).
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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