NEXT plc (LON:NXT) shares rose 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 4,901 ($64.67) and last traded at GBX 4,895 ($64.59). Approximately 440,082 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 739,981 shares. The stock had previously closed at GBX 4,892 ($64.56).
NXT has been the subject of several research analyst reports. Deutsche Bank AG reduced their price objective on NEXT plc from GBX 4,650 ($61.36) to GBX 4,250 ($56.08) and set a “hold” rating for the company in a research note on Friday, June 30th. Barclays PLC restated an “underweight” rating and issued a GBX 3,900 ($51.46) price objective on shares of NEXT plc in a research note on Friday, June 30th. HSBC Holdings plc restated a “reduce” rating and issued a GBX 3,360 ($44.34) price objective on shares of NEXT plc in a research note on Friday, June 30th. Jefferies Group LLC upgraded NEXT plc to a “hold” rating and raised their price objective for the stock from GBX 3,500 ($46.19) to GBX 3,850 ($50.80) in a research note on Thursday, July 27th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 4,200 ($55.42) price objective on shares of NEXT plc in a research note on Thursday, August 3rd. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. NEXT plc currently has a consensus rating of “Hold” and a consensus target price of GBX 4,431.95 ($58.48).
The company’s 50 day moving average is GBX 4,950.32 and its 200 day moving average is GBX 4,354.10. The firm’s market cap is GBX 6.98 billion.
The firm also recently announced a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 7th will be paid a dividend of GBX 53 ($0.70) per share. This represents a dividend yield of 1.05%. This is an increase from NEXT plc’s previous dividend of $45.00. The ex-dividend date is Thursday, December 7th.
In other news, insider Michael J. Roney purchased 9,061 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of GBX 4,386 ($57.88) per share, for a total transaction of £397,415.46 ($524,433.17). Also, insider Caroline Goodall purchased 450 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of GBX 4,294 ($56.66) per share, for a total transaction of £19,323 ($25,498.81).
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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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