NEXT plc (NXT) Price Target Raised to GBX 4,830
NEXT plc (LON:NXT) had its target price upped by J P Morgan Chase & Co from GBX 4,580 ($59.15) to GBX 4,830 ($62.38) in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also commented on NXT. Societe Generale upped their price target on NEXT plc from GBX 4,129 ($53.33) to GBX 4,737 ($61.18) and gave the company a hold rating in a research report on Friday. Peel Hunt reiterated a hold rating and issued a GBX 4,200 ($54.24) price target on shares of NEXT plc in a research report on Thursday. Shore Capital reiterated a hold rating on shares of NEXT plc in a research report on Thursday. Jefferies Group LLC upped their price target on NEXT plc from GBX 3,850 ($49.72) to GBX 4,600 ($59.41) and gave the company an underperform rating in a research report on Friday, August 11th. Finally, Deutsche Bank AG reduced their price target on NEXT plc from GBX 4,250 ($54.89) to GBX 4,150 ($53.60) and set a hold rating on the stock in a research report on Friday, September 8th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 4,438.55 ($57.32).
NEXT plc (LON:NXT) opened at 5030.00 on Friday. The firm’s market cap is GBX 7.17 billion. 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 1-year low of GBX 3,565.00 and a 1-year high of GBX 5,225.00.
ILLEGAL ACTIVITY WARNING: This article was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://theolympiareport.com/2017/09/18/next-plc-nxt-price-target-raised-to-gbx-4830.html.
The company also recently declared a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be paid a dividend of GBX 53 ($0.68) per share. This is an increase from NEXT plc’s previous dividend of $45.00. This represents a yield of 1.05%. The ex-dividend date is Thursday, December 7th.
In related news, insider Caroline Goodall acquired 450 shares of the stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost 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 stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73).
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.
Receive News & Ratings for NEXT plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT plc and related companies with Analyst Ratings Network's FREE daily email newsletter.