NEXT plc’s (NXT) Sell Rating Reaffirmed at Berenberg Bank
Berenberg Bank reissued their sell rating on shares of NEXT plc (LON:NXT) in a research note issued to investors on Wednesday morning. Berenberg Bank currently has a GBX 3,650 ($48.17) price objective on the stock.
Several other equities research analysts have also recently commented on the company. Barclays PLC reaffirmed an underweight rating on shares of NEXT plc in a report on Thursday. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 4,830 ($63.74) price target on shares of NEXT plc in a report on Thursday. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 4,400 ($58.06) price target on shares of NEXT plc in a report on Thursday. Shore Capital reaffirmed a hold rating on shares of NEXT plc in a report on Wednesday. Finally, Peel Hunt reaffirmed a hold rating and issued a GBX 5,000 ($65.98) price target on shares of NEXT plc in a report on Wednesday. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 4,491 ($59.26).
NEXT plc (LON:NXT) opened at GBX 4,495.48 ($59.32) on Wednesday. NEXT plc has a 1 year low of GBX 3,565 ($47.04) and a 1 year high of GBX 5,355 ($70.67).
The company also recently declared a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be given a dividend of GBX 45 ($0.59) per share. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 1.01%.
In other news, insider Caroline Goodall purchased 450 shares of the stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of GBX 4,294 ($56.66) per share, for a total transaction of £19,323 ($25,498.81).
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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