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.

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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.

Analyst Recommendations for NEXT plc (LON:NXT)

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