Several other equities analysts have also commented on NXT. Citigroup reaffirmed a sell rating on shares of NEXT in a research report on Wednesday, May 16th. AlphaValue raised shares of NEXT to a reduce rating in a research report on Tuesday, May 22nd. Liberum Capital upped their price target on shares of NEXT from GBX 5,000 ($65.13) to GBX 6,100 ($79.46) and gave the stock a hold rating in a research report on Friday, June 15th. HSBC upped their price target on shares of NEXT from GBX 4,600 ($59.92) to GBX 5,550 ($72.29) and gave the stock a hold rating in a research report on Monday, July 9th. Finally, UBS Group upped their price target on shares of NEXT from GBX 5,750 ($74.90) to GBX 6,600 ($85.97) and gave the stock a buy rating in a research report on Friday, July 13th. Twelve research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 4,787.55 ($62.36).
Shares of NXT traded down GBX 78 ($1.02) on Monday, hitting GBX 5,340 ($69.56). 539,995 shares of the stock traded hands, compared to its average volume of 625,680. NEXT has a 1 year low of GBX 3,565 ($46.44) and a 1 year high of GBX 5,355 ($69.75).
The company also recently declared a dividend, which will be paid on Wednesday, January 2nd. Investors of record on Thursday, December 6th will be issued a dividend of GBX 55 ($0.72) per share. This represents a yield of 1%. The ex-dividend date is Thursday, December 6th.
In related news, insider Richard Papp sold 1,100 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of GBX 5,713 ($74.42), for a total transaction of £62,843 ($81,858.80).
NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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