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).
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.
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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.
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