NEXT plc (NXT) Given “Sell” Rating at Shore Capital

Shore Capital reissued their sell rating on shares of NEXT plc (LON:NXT) in a report issued on Thursday morning.

A number of other research analysts have also recently commented on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 5,950 ($73.48) target price on shares of NEXT plc in a research report on Tuesday, December 20th. HSBC Holdings plc cut shares of NEXT plc to a reduce rating and decreased their target price for the company from GBX 4,680 ($57.80) to GBX 3,530 ($43.60) in a research report on Thursday, January 5th. Redburn Partners raised shares of NEXT plc to a buy rating in a research report on Wednesday, March 1st. Haitong Bank reaffirmed a buy rating and issued a GBX 5,900 ($72.87) target price on shares of NEXT plc in a research report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of NEXT plc from GBX 5,480 ($67.68) to GBX 4,580 ($56.56) and set a neutral rating on the stock in a research report on Thursday, January 5th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 4,687.52 ($57.89).

Analyst Recommendations for NEXT plc (LON:NXT)

NEXT plc (LON:NXT) traded down 1.86% during mid-day trading on Thursday, hitting GBX 4121.00. 754,352 shares of the stock were exchanged. The firm’s market cap is GBX 5.98 billion. The company has a 50 day moving average of GBX 3,902.65 and a 200 day moving average of GBX 4,536.42. NEXT plc has a 12-month low of GBX 3,550.00 and a 12-month high of GBX 5,715.00.

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The firm also recently declared a dividend, which will be paid on Tuesday, May 2nd. Shareholders of record on Thursday, April 6th will be paid a dividend of GBX 45 ($0.56) per share. The ex-dividend date of this dividend is Thursday, April 6th. This represents a yield of 1.07%.

In other NEXT plc news, insider Jonathan Bewes purchased 1,750 shares of the business’s stock in a transaction on Thursday, January 26th. The shares were bought at an average cost of GBX 3,832 ($47.33) per share, for a total transaction of £67,060 ($82,820.80). Also, insider Francis Salway purchased 1,250 shares of the business’s stock in a transaction on Monday, January 9th. The shares were acquired at an average price of GBX 4,050 ($50.02) per share, for a total transaction of £50,625 ($62,523.16). Insiders have acquired 5,500 shares of company stock worth $22,021,000 over the last quarter.

NEXT plc Company Profile

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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