NEXT plc (NXT) Given Consensus Rating of “Hold” by Brokerages

NEXT plc (LON:NXT) has received a consensus recommendation of “Hold” from the twenty-five brokerages that are currently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 4,386.86 ($57.70).

Several brokerages have weighed in on NXT. Morgan Stanley lowered shares of NEXT to an “underweight” rating and set a GBX 4,300 ($56.56) price objective for the company. in a report on Wednesday, October 11th. Barclays PLC restated an “underweight” rating and issued a GBX 3,900 ($51.30) price target on shares of NEXT in a research report on Friday, September 22nd. Berenberg Bank restated a “sell” rating and issued a GBX 3,650 ($48.01) price target on shares of NEXT in a research report on Thursday, September 14th. Societe Generale raised their price target on shares of NEXT from GBX 4,129 ($54.31) to GBX 4,737 ($62.30) and gave the stock a “hold” rating in a research report on Friday, September 15th. Finally, J P Morgan Chase & Co raised their price target on shares of NEXT from GBX 4,580 ($60.24) to GBX 4,830 ($63.53) and gave the stock a “neutral” rating in a research report on Friday, September 15th.

NEXT (LON:NXT) opened at GBX 4,310 ($56.69) on Monday. NEXT has a fifty-two week low of GBX 3,565 ($46.89) and a fifty-two week high of GBX 5,355 ($70.43).

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

In other news, insider Michael J. Roney bought 405 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of GBX 4,313 ($56.73) per share, with a total value of £17,467.65 ($22,974.68).

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About NEXT

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 (LON:NXT)

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