NEXT plc (NXT) Receives “Underweight” Rating from Barclays PLC

Barclays PLC restated their underweight rating on shares of NEXT plc (LON:NXT) in a research note published on Thursday, August 31st.

Other equities research analysts have also recently issued reports about the company. Investec upgraded NEXT plc to a buy rating and upped their price target for the company from GBX 3,900 ($50.37) to GBX 4,750 ($61.35) in a research report on Wednesday, May 10th. Deutsche Bank AG decreased their price objective on shares of NEXT plc from GBX 4,650 ($60.05) to GBX 4,250 ($54.89) and set a hold rating on the stock in a research report on Friday, June 30th. 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. 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. Finally, Shore Capital restated a hold rating on shares of NEXT plc in a research report on Thursday, August 3rd. Six 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’s stock. The stock has an average rating of Hold and an average target price of GBX 4,489.10 ($57.98).

Shares of NEXT plc (LON NXT) traded up 1.02% during midday trading on Thursday, reaching GBX 5045.00. 1,306,682 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of GBX 4,264.05 and a 200 day moving average price of GBX 4,142.78. NEXT plc has a 12 month low of GBX 3,565.00 and a 12 month high of GBX 5,225.00. The company’s market cap is GBX 7.20 billion.

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The company also recently disclosed a dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Thursday, October 5th will be issued a GBX 45 ($0.58) dividend. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.02%.

In related news, insider Michael J. Roney purchased 9,061 shares of NEXT plc stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of GBX 4,386 ($56.64) per share, for a total transaction of £397,415.46 ($513,257.73). Also, insider Caroline Goodall purchased 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The shares were bought at an average price of GBX 4,294 ($55.46) per share, with a total value of £19,323 ($24,955.44).

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.

Analyst Recommendations for NEXT plc (LON:NXT)

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