Liberum Capital reissued their buy rating on shares of NEXT (LON:NXT) in a research note published on Thursday morning.

Other equities research analysts have also issued reports about the stock. HSBC cut their price objective on shares of NEXT from GBX 6,050 ($79.05) to GBX 5,900 ($77.09) and set a buy rating for the company in a report on Tuesday, January 8th. UBS Group cut their price objective on shares of NEXT from GBX 6,600 ($86.24) to GBX 6,000 ($78.40) and set a buy rating for the company in a report on Wednesday, January 2nd. Peel Hunt reaffirmed a hold rating on shares of NEXT in a report on Thursday. Shore Capital reaffirmed a hold rating on shares of NEXT in a report on Thursday, January 3rd. Finally, Jefferies Financial Group cut their price objective on shares of NEXT from GBX 5,600 ($73.17) to GBX 4,600 ($60.11) and set a hold rating for the company in a report on Friday, December 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 5,353.64 ($69.95).

Shares of NXT opened at GBX 5,380 ($70.30) on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.65 and a debt-to-equity ratio of 303.13. NEXT has a 1 year low of GBX 3,970 ($51.88) and a 1 year high of GBX 6,224 ($81.33). The company has a market cap of $7.14 billion and a price-to-earnings ratio of 12.67.

The firm also recently announced a dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 4th will be issued a GBX 110 ($1.44) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This is a positive change from NEXT’s previous dividend of $55.00. This represents a dividend yield of 2.07%. NEXT’s dividend payout ratio (DPR) is 0.38%.

In other NEXT news, insider Tristia Harrison bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of GBX 5,086 ($66.46) per share, with a total value of £50,860 ($66,457.60). Also, insider Michael J. Roney bought 1,720 shares of the business’s stock in a transaction that occurred on Thursday, January 3rd. The stock was acquired at an average cost of GBX 4,359 ($56.96) per share, with a total value of £74,974.80 ($97,967.86). Over the last three months, insiders purchased 3,733 shares of company stock valued at $17,542,115.

About NEXT

NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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Analyst Recommendations for NEXT (LON:NXT)

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