NEXT plc (NXT) Stock Price Down 0.1%

NEXT plc (LON:NXT) dropped 0.1% during trading on Thursday . The company traded as low as GBX 4,863 ($64.17) and last traded at GBX 4,890 ($64.53). Approximately 323,297 shares changed hands during trading, a decline of 56% from the average daily volume of 739,981 shares. The stock had previously closed at GBX 4,895 ($64.59).

NXT has been the topic of a number of recent analyst reports. Investec reissued a “buy” rating and set a GBX 4,750 ($62.68) price target on shares of NEXT plc in a report on Thursday, August 3rd. Shore Capital reissued a “hold” rating on shares of NEXT plc in a report on Thursday, August 3rd. Peel Hunt reissued a “hold” rating and set a GBX 4,200 ($55.42) price target on shares of NEXT plc in a report on Thursday, August 3rd. Deutsche Bank AG reissued a “hold” rating and set a GBX 4,250 ($56.08) price target on shares of NEXT plc in a report on Tuesday, July 18th. Finally, Jefferies Group LLC raised NEXT plc to a “hold” rating and raised their price target for the company from GBX 3,500 ($46.19) to GBX 3,850 ($50.80) in a report on Thursday, July 27th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. NEXT plc currently has a consensus rating of “Hold” and a consensus target price of GBX 4,431.95 ($58.48).

The stock’s 50-day moving average is GBX 4,964.05 and its 200 day moving average is GBX 4,357.77. The firm’s market capitalization is GBX 6.96 billion.

The company also recently declared a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 7th will be issued a dividend of GBX 53 ($0.70) per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 1.05%. This is an increase from NEXT plc’s previous dividend of $45.00.

In other news, insider Michael J. Roney purchased 9,061 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was 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 business’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of GBX 4,294 ($56.66) per share, with a total value 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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