NEXT plc (LON:NXT) had its price target upped by J P Morgan Chase & Co from GBX 4,580 ($59.15) to GBX 4,830 ($62.38) in a report issued on Friday. J P Morgan Chase & Co currently has a neutral rating on the stock.
Other research analysts have also recently issued reports about the stock. Investec restated a buy rating and issued a GBX 4,750 ($61.35) price objective on shares of NEXT plc in a research report on Thursday, August 3rd. Shore Capital restated a hold rating on shares of NEXT plc in a research report on Thursday, August 3rd. Peel Hunt restated a hold rating and issued a GBX 4,200 ($54.24) price objective on shares of NEXT plc in a research report on Thursday, August 3rd. Deutsche Bank AG restated a hold rating on shares of NEXT plc in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC upgraded shares of NEXT plc to a hold rating and upped their price objective for the stock from GBX 3,500 ($45.20) to GBX 3,850 ($49.72) in a research report on Thursday, July 27th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 4,489.10 ($57.98).
NEXT plc (LON NXT) traded up 1.02% during midday trading on Friday, hitting GBX 5045.00. 1,306,682 shares of the stock were exchanged. The company’s market capitalization is GBX 7.20 billion. NEXT plc has a 1-year low of GBX 3,565.00 and a 1-year high of GBX 5,225.00. The company’s 50 day moving average is GBX 4,264.05 and its 200 day moving average is GBX 4,142.78.
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The business also recently disclosed a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 5th will be paid a dividend of GBX 45 ($0.58) per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 5th.
In related news, insider Caroline Goodall acquired 450 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of GBX 4,294 ($55.46) per share, with a total value of £19,323 ($24,955.44). Also, insider Michael J. Roney acquired 9,061 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73).
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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