Investec reissued their sell rating on shares of NEXT plc (LON:NXT) in a research report report published on Thursday morning. The firm currently has a GBX 4,900 ($63.96) price objective on the stock.

Analyst Recommendations for NEXT plc (LON:NXT)

Other equities analysts have also issued reports about the stock. Berenberg Bank lowered shares of NEXT plc to a hold rating and lowered their target price for the stock from GBX 7,300 ($95.29) to GBX 4,800 ($62.66) in a research report on Monday, June 20th. Goldman Sachs Group Inc. lowered their price objective on shares of NEXT plc from GBX 8,700 ($113.56) to GBX 7,900 ($103.12) and set a buy rating on the stock in a research report on Wednesday, June 1st. Societe Generale reiterated a hold rating on shares of NEXT plc in a research report on Tuesday, June 28th. Haitong Bank reiterated a buy rating and issued a GBX 5,900 ($77.01) price objective on shares of NEXT plc in a research report on Wednesday, July 13th. Finally, Credit Suisse Group AG lowered their price objective on shares of NEXT plc from GBX 7,000 ($91.37) to GBX 6,600 ($86.15) and set an underperform rating on the stock in a research report on Wednesday, June 1st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 5,596.67 ($73.05).

Shares of NEXT plc (LON:NXT) opened at 4923.00 on Thursday. NEXT plc has a 12 month low of GBX 3,550.00 and a 12 month high of GBX 8,175.00. The firm’s market capitalization is GBX 7.14 billion. The stock has a 50 day moving average of GBX 5,376.59 and a 200-day moving average of GBX 5,410.32.

The company also recently declared a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be given a dividend of GBX 53 ($0.69) per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 8th.

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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