NEXT plc (LON:NXT) Receives Consensus Rating of “Hold” from Analysts

Shares of NEXT plc (LON:NXT) have been given an average rating of “Hold” by the twenty-two analysts that are covering the company. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 5,596.67 ($73.05).

NXT has been the topic of a number of research reports. Barclays PLC reissued an “overweight” rating on shares of NEXT plc in a research note on Tuesday, June 7th. Deutsche Bank AG restated a “buy” rating on shares of NEXT plc in a report on Wednesday, June 8th. Credit Suisse Group AG restated a “neutral” rating and set a GBX 5,200 ($67.88) price target on shares of NEXT plc in a report on Tuesday, June 14th. Berenberg Bank downgraded shares of NEXT plc to a “hold” rating and cut their price target for the stock from GBX 7,300 ($95.29) to GBX 4,800 ($62.66) in a report on Monday, June 20th. Finally, Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 4,750 ($62.00) price target on shares of NEXT plc in a report on Monday, June 27th.

Shares of NEXT plc (LON:NXT) remained flat at GBX 4805.00 during mid-day trading on Wednesday. 607,922 shares of the company traded hands. The firm has a 50-day moving average of GBX 5,241.14 and a 200-day moving average of GBX 5,272.78. NEXT plc has a 52-week low of GBX 3,550.00 and a 52-week high of GBX 8,175.00. The stock’s market capitalization is GBX 6.97 billion.

The business also recently declared a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be given a GBX 53 ($0.69) dividend. The ex-dividend date is Thursday, December 8th. This represents a yield of 1.07%.

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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