Shares of NEXT plc (LON:NXT) rose 0.6% during mid-day trading on Monday . The company traded as high as GBX 4,954 ($65.83) and last traded at GBX 4,940 ($65.64). Approximately 629,374 shares changed hands during trading, a decline of 16% from the average daily volume of 745,248 shares. The stock had previously closed at GBX 4,911 ($65.25).

NXT has been the topic of a number of analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 4,250 ($56.47) price objective on shares of NEXT plc in a research note on Tuesday, June 20th. Barclays PLC reiterated an “underweight” rating and set a GBX 3,900 ($51.82) price objective on shares of NEXT plc in a research note on Friday, June 30th. Jefferies Group LLC upgraded shares of NEXT plc to a “hold” rating and lifted their price objective for the company from GBX 3,500 ($46.51) to GBX 3,850 ($51.16) in a research note on Thursday, July 27th. Shore Capital reiterated a “hold” rating on shares of NEXT plc in a research note on Thursday, August 3rd. Finally, HSBC Holdings plc reiterated a “reduce” rating and set a GBX 3,360 ($44.65) price objective on shares of NEXT plc in a research note on Friday, July 21st. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 4,431.95 ($58.89).

The company has a 50-day moving average price of GBX 4,804.89 and a 200-day moving average price of GBX 4,313.34. The firm’s market capitalization is GBX 7.04 billion.

The company also recently announced a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be paid a GBX 53 ($0.70) dividend. This represents a dividend yield of 1.05%. This is a positive change from NEXT plc’s previous dividend of $45.00. The ex-dividend date is Thursday, December 7th.

In related news, insider Michael J. Roney acquired 9,061 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of GBX 4,386 ($58.28) per share, for a total transaction of £397,415.46 ($528,056.68). Also, insider Caroline Goodall acquired 450 shares of the company’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of GBX 4,294 ($57.06) per share, with a total value of £19,323 ($25,674.99).

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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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