Deutsche Bank AG Reaffirms “Buy” Rating for NEXT plc (NXT)
A number of other brokerages have also commented on NXT. Espirito Santo Investment Bank Research reissued a sell rating and set a GBX 5,500 ($71.79) price objective on shares of NEXT plc in a report on Thursday, August 25th. BNP Paribas increased their target price on NEXT plc from GBX 4,900 ($63.96) to GBX 5,600 ($73.10) and gave the company an underperform rating in a research note on Friday, September 9th. Goldman Sachs Group Inc. upgraded NEXT plc to a neutral rating and increased their target price for the company from GBX 4,800 ($62.66) to GBX 5,600 ($73.10) in a research note on Tuesday, September 6th. Haitong Bank restated a buy rating and set a GBX 5,900 ($77.01) target price on shares of NEXT plc in a research note on Tuesday, May 31st. Finally, Royal Bank Of Canada increased their target price on NEXT plc from GBX 5,500 ($71.79) to GBX 5,800 ($75.71) and gave the company a sector perform rating in a research note on Tuesday, August 30th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 5,596.67 ($73.05).
NEXT plc (LON:NXT) opened at 4934.00 on Friday. NEXT plc has a 52 week low of GBX 3,550.00 and a 52 week high of GBX 8,175.00. The company’s market capitalization is GBX 7.15 billion. The company’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. Stockholders of record on Thursday, December 8th will be paid a GBX 53 ($0.69) dividend. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 1.07%.
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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