NEXT plc (NXT) Given Buy Rating at Haitong Bank
Haitong Bank reaffirmed their buy rating on shares of NEXT plc (LON:NXT) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 5,900 ($77.01) price objective on the stock.
Several other brokerages have also weighed in on NXT. Jefferies Group reissued a hold rating and set a GBX 4,600 ($60.04) target price on shares of NEXT plc in a research report on Tuesday, July 26th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 5,500 ($71.79) target price on shares of NEXT plc in a research report on Thursday, August 4th. BNP Paribas raised their target price on NEXT plc from GBX 4,900 ($63.96) to GBX 5,600 ($73.10) and gave the stock an underperform rating in a research report on Friday, September 9th. Barclays PLC cut their price target on NEXT plc from GBX 7,500 ($97.90) to GBX 6,000 ($78.32) and set an overweight rating on the stock in a research report on Friday, July 22nd. Finally, Societe Generale cut their price target on NEXT plc from GBX 7,133 ($93.11) to GBX 5,695 ($74.34) and set a hold rating on the stock in a research report on Friday, August 5th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. NEXT plc currently has a consensus rating of Hold and a consensus target price of GBX 5,596.67 ($73.05).
NEXT plc (LON:NXT) opened at 4897.00 on Thursday. The firm’s market capitalization is GBX 7.10 billion. NEXT plc has a 52 week low of GBX 3,550.00 and a 52 week high of GBX 8,175.00. The stock’s 50 day moving average price is GBX 5,376.59 and its 200 day moving average price is GBX 5,410.32.
The company also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 53 ($0.69) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.07%.
NEXT plc 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.
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