Berenberg Bank restated their sell rating on shares of NEXT (LON:NXT) in a research note issued to investors on Monday morning. The firm currently has a GBX 3,650 ($49.13) price target on the stock.

Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group reiterated an underperform rating and issued a GBX 4,000 ($53.84) target price on shares of NEXT in a research report on Friday, September 1st. reiterated a reduce rating and issued a GBX 3,800 ($51.14) target price on shares of NEXT in a research report on Thursday, November 2nd. reiterated a reduce rating and issued a GBX 3,800 ($51.14) target price on shares of NEXT in a research report on Thursday, November 2nd. HSBC restated a reduce rating and set a GBX 3,800 ($51.14) price target on shares of NEXT in a report on Thursday, November 2nd. Finally, Deutsche Bank restated a hold rating and set a GBX 4,500 ($60.57) price target on shares of NEXT in a report on Tuesday. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 4,370.04 ($58.82).

NEXT (LON NXT) traded up GBX 23 ($0.31) during mid-day trading on Monday, reaching GBX 4,253 ($57.24). 286,327 shares of the company’s stock were exchanged, compared to its average volume of 523,940. NEXT has a 12 month low of GBX 3,565 ($47.98) and a 12 month high of GBX 5,355 ($72.07).

The company also recently announced a dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be issued a GBX 45 ($0.61) dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 1.01%.

In related news, insider Michael J. Roney purchased 405 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of GBX 4,313 ($58.05) per share, for a total transaction of £17,467.65 ($23,509.62).

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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.

Analyst Recommendations for NEXT (LON:NXT)

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