NEXT plc (LON:NXT)’s share price dropped 0% on Thursday . The stock traded as low as GBX 4,943 ($67.03) and last traded at GBX 4,963 ($67.30). Approximately 920,542 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 631,604 shares. The stock had previously closed at GBX 4,963 ($67.30).
NXT has been the subject of several research analyst reports. Investec reaffirmed a “buy” rating and issued a GBX 4,940 ($66.99) price objective on shares of NEXT in a research note on Wednesday, January 3rd. Deutsche Bank reissued a “hold” rating and set a GBX 4,400 ($59.67) price target on shares of NEXT in a research report on Monday, October 16th. Societe Generale raised their price target on NEXT from GBX 4,129 ($55.99) to GBX 4,737 ($64.24) and gave the stock a “hold” rating in a research report on Friday, September 15th. Numis Securities reissued a “hold” rating and set a GBX 5,100 ($69.16) price target on shares of NEXT in a research report on Friday, September 15th. Finally, Jefferies Group raised their price target on NEXT from GBX 4,600 ($62.38) to GBX 5,200 ($70.52) and gave the stock a “hold” rating in a research report on Friday, September 15th. Thirteen equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 4,294.45 ($58.24).
The firm has a market cap of $7,290.00 and a price-to-earnings ratio of 1,165.89.
The firm also recently disclosed a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a dividend of GBX 45 ($0.61) per share. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 4th.
In other news, insider Michael J. Roney bought 405 shares of NEXT stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of GBX 4,313 ($58.49) per share, for a total transaction of £17,467.65 ($23,688.16).
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NEXT 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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