Next (LON:NXT) Raised to Reduce at AlphaValue

AlphaValue upgraded shares of Next (LON:NXT) to a reduce rating in a research report report published on Tuesday, April 10th.

Other equities research analysts also recently issued reports about the stock. Investec reaffirmed a buy rating and issued a GBX 4,940 ($70.73) price objective on shares of Next in a research report on Wednesday, January 3rd. Jefferies Group reaffirmed a hold rating and issued a GBX 5,200 ($74.46) price objective on shares of Next in a research report on Tuesday, January 2nd. Deutsche Bank reaffirmed a hold rating and issued a GBX 4,500 ($64.43) price objective on shares of Next in a research report on Tuesday, January 2nd. Peel Hunt reaffirmed a hold rating and issued a GBX 5,000 ($71.59) price objective on shares of Next in a research report on Wednesday, January 3rd. Finally, Numis Securities reiterated a hold rating and issued a GBX 5,100 ($73.02) target price on shares of Next in a research note on Thursday, January 4th. Thirteen research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 4,386.40 ($62.81).

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LON:NXT opened at GBX 5,220 ($74.74) on Tuesday. Next has a one year low of GBX 3,565 ($51.05) and a one year high of GBX 5,355 ($76.68).



The company also recently announced a dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Thursday, July 5th will be paid a GBX 105 ($1.50) dividend. The ex-dividend date of this dividend is Thursday, July 5th. This is a boost from Next’s previous dividend of $45.00. This represents a yield of 2.11%.

In other news, insider Michael J. Roney bought 1,263 shares of the stock in a transaction on Friday, April 6th. The shares were acquired at an average cost of GBX 4,723 ($67.63) per share, for a total transaction of £59,651.49 ($85,411.64).

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Next Company Profile

NEXT plc engages in the retail of clothing, footwear, accessories, and home products for men, women, and children in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates a chain of approximately 540 stores under the name NEXT Retail in the United Kingdom and Eire.

Analyst Recommendations for Next (LON:NXT)

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