Barclays PLC reiterated their underweight rating on shares of NEXT plc (LON:NXT) in a report issued on Thursday morning.

Other analysts also recently issued research reports about the stock. Investec reaffirmed a buy rating and set a GBX 4,750 ($62.68) price target on shares of NEXT plc in a report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a hold rating and set a GBX 4,250 ($56.08) price target on shares of NEXT plc in a report on Friday, September 1st. Shore Capital reaffirmed a hold rating on shares of NEXT plc in a report on Thursday, August 3rd. Peel Hunt reaffirmed a hold rating and set a GBX 4,200 ($55.42) price target on shares of NEXT plc in a report on Thursday, August 3rd. Finally, Jefferies Group LLC raised shares of NEXT plc to a hold rating and raised their price objective for the stock from GBX 3,500 ($46.19) to GBX 3,850 ($50.80) in a report on Thursday, July 27th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 4,491 ($59.26).

Shares of NEXT plc (NXT) traded down GBX 27 ($0.36) during midday trading on Thursday, hitting GBX 4,473 ($59.03). 637,027 shares of the stock were exchanged, compared to its average volume of 682,818. NEXT plc has a 12-month low of GBX 3,565 ($47.04) and a 12-month high of GBX 5,355 ($70.67).

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The business also recently disclosed 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. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, January 4th.

In related news, insider Caroline Goodall acquired 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The shares were purchased at an average price 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.

Analyst Recommendations for NEXT plc (LON:NXT)

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