NEXT plc (NXT) Stock Price Down 1.2%

NEXT plc (LON:NXT) fell 1.2% during trading on Wednesday . The stock traded as low as GBX 4,371 ($57.49) and last traded at GBX 4,277 ($56.25). 406,315 shares changed hands during trading, a decline of 42% from the average session volume of 701,587 shares. The stock had previously closed at GBX 4,328 ($56.92).

NXT has been the topic of several research reports. reissued a “reduce” rating and issued a GBX 3,800 ($49.98) target price on shares of NEXT plc in a research report on Thursday, November 2nd. HSBC Holdings PLC reissued a “reduce” rating and issued a GBX 3,800 ($49.98) target price on shares of NEXT plc in a research report on Thursday, November 2nd. reissued a “reduce” rating and issued a GBX 3,800 ($49.98) target price on shares of NEXT plc in a research report on Thursday, November 2nd. Peel Hunt reissued a “hold” rating and issued a GBX 4,200 ($55.24) target price on shares of NEXT plc in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC raised their target price on NEXT plc from GBX 3,850 ($50.64) to GBX 4,600 ($60.50) and gave the stock an “underperform” rating in a research report on Friday, August 11th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. NEXT plc currently has an average rating of “Hold” and a consensus price target of GBX 4,365.70 ($57.42).

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

In other news, insider Michael J. Roney purchased 405 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of GBX 4,313 ($56.73) per share, for a total transaction of £17,467.65 ($22,974.68).

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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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