NEXT plc’s (NXT) “Neutral” Rating Reiterated at Goldman Sachs Group, Inc. (The)

NEXT plc (LON:NXT)‘s stock had its “neutral” rating reiterated by equities researchers at Goldman Sachs Group, Inc. (The) in a research report issued on Tuesday. They currently have a GBX 4,250 ($54.15) price objective on the stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 2.46% from the stock’s current price.

A number of other brokerages have also weighed in on NXT. Peel Hunt restated a “hold” rating and set a GBX 4,200 ($53.51) price objective on shares of NEXT plc in a research report on Thursday, March 23rd. BNP Paribas lowered NEXT plc to an “underperform” rating and reduced their price objective for the stock from GBX 3,900 ($49.69) to GBX 3,700 ($47.14) in a research report on Monday, April 3rd. Jefferies Group LLC reduced their price objective on NEXT plc from GBX 4,600 ($58.61) to GBX 3,500 ($44.59) and set a “hold” rating on the stock in a research report on Tuesday, February 28th. HSBC Holdings plc restated a “reduce” rating and set a GBX 3,360 ($42.81) price objective on shares of NEXT plc in a research report on Wednesday, June 7th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of NEXT plc in a research report on Tuesday, March 14th. Eight investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 4,480.10 ($57.08).

Analyst Recommendations for NEXT plc (LON:NXT)

Shares of NEXT plc (NXT) traded down 2.36% during trading on Tuesday, hitting GBX 4050.00. The stock had a trading volume of 254,718 shares. The stock’s market capitalization is GBX 5.78 billion. NEXT plc has a one year low of GBX 3,550.00 and a one year high of GBX 5,705.00. The stock has a 50 day moving average price of GBX 4,322.46 and a 200-day moving average price of GBX 4,244.66.

The firm also recently disclosed a dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Thursday, July 6th will be paid a GBX 105 ($1.34) dividend. This represents a dividend yield of 2.5%. This is an increase from NEXT plc’s previous dividend of $53.00. The ex-dividend date is Thursday, July 6th.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2655253/next-plcs-nxt-neutral-rating-reiterated-at-goldman-sachs-group-inc-the.html.

In other NEXT plc news, insider Michael J. Roney acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were bought at an average cost of GBX 4,138 ($52.72) per share, with a total value of £206,900 ($263,600.46).

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.

Receive News & Ratings for NEXT plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.