Numis Securities Ltd Reaffirms “Add” Rating for NEXT plc (NXT)
A number of other brokerages also recently commented on NXT. Jefferies Group reaffirmed a hold rating and issued a GBX 4,600 ($60.04) price target on shares of NEXT plc in a report on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 5,500 ($71.79) price target on shares of NEXT plc in a report on Thursday, August 4th. Morgan Stanley reissued an equal weight rating and issued a GBX 5,500 ($71.79) price objective on shares of NEXT plc in a research report on Friday, September 16th. BNP Paribas increased their price objective on shares of 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. Finally, Barclays PLC reduced their price objective on shares of 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. Four research 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. NEXT plc presently 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 4909.00 on Friday. The company’s market capitalization is GBX 7.12 billion. NEXT plc has a 12 month low of GBX 3,550.00 and a 12 month high of GBX 8,175.00. The stock has a 50 day moving average price of GBX 5,373.46 and a 200-day moving average price of GBX 5,398.27.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be paid a dividend of GBX 53 ($0.69) per share. 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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