Michael J. Roney Acquires 405 Shares of NEXT plc (NXT) Stock

NEXT plc (LON:NXT) insider Michael J. Roney purchased 405 shares of the stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of GBX 4,313 ($56.73) per share, for a total transaction of £17,467.65 ($22,974.68).

NEXT plc (NXT) opened at GBX 4,373.89 ($57.53) on Friday. NEXT plc has a 12-month low of GBX 3,565 ($46.89) and a 12-month high of GBX 5,355 ($70.43).

The company also recently disclosed a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be given a dividend of GBX 45 ($0.59) per share. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 1.01%.

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NXT has been the topic of a number of recent research reports. Investec reaffirmed a “buy” rating and issued a GBX 4,750 ($62.48) target price on shares of NEXT plc in a report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 4,250 ($55.90) target price on shares of NEXT plc in a report on Friday, September 1st. Shore Capital reaffirmed a “hold” rating on shares of NEXT plc in a report on Thursday, August 3rd. Peel Hunt reaffirmed a “hold” rating and issued a GBX 4,200 ($55.24) target price on shares of NEXT plc in a report on Thursday, August 3rd. Finally, Jefferies Group LLC raised NEXT plc to a “hold” rating and raised their target price for the stock from GBX 3,500 ($46.03) to GBX 3,850 ($50.64) in a report on Thursday, July 27th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. NEXT plc has a consensus rating of “Hold” and an average target price of GBX 4,450.55 ($58.54).

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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