NEXT plc’s (NXT) “Sell” Rating Reiterated at Investec
Other equities research analysts also recently issued reports about the company. Berenberg Bank downgraded NEXT plc to a hold rating and cut their price target for the stock from GBX 7,300 ($95.29) to GBX 4,800 ($62.66) in a research note on Monday, June 20th. Goldman Sachs Group Inc. lowered their price objective on NEXT plc from GBX 8,700 ($113.56) to GBX 7,900 ($103.12) and set a buy rating on the stock in a report on Wednesday, June 1st. Societe Generale reissued a hold rating on shares of NEXT plc in a report on Tuesday, June 28th. Haitong Bank reissued a buy rating and set a GBX 5,900 ($77.01) price objective on shares of NEXT plc in a report on Wednesday, July 13th. Finally, Credit Suisse Group AG lowered their price objective on NEXT plc from GBX 7,000 ($91.37) to GBX 6,600 ($86.15) and set an underperform rating on the stock in a report on Wednesday, June 1st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 5,596.67 ($73.05).
Shares of NEXT plc (LON:NXT) opened at 4923.00 on Thursday. NEXT plc has a 52-week low of GBX 3,550.00 and a 52-week high of GBX 8,175.00. The firm’s market capitalization is GBX 7.14 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 firm also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be given a GBX 53 ($0.69) dividend. 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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