Royal Bank of Canada Reiterates “Sector Performer” Rating for NEXT (NXT)

Royal Bank of Canada reissued their sector performer rating on shares of NEXT (LON:NXT) in a research report released on Wednesday, January 3rd. Royal Bank of Canada currently has a GBX 4,500 ($61.03) price target on the stock.

Several other research analysts have also recently commented on the stock. Peel Hunt reiterated a hold rating and issued a GBX 5,000 ($67.81) target price on shares of NEXT in a report on Wednesday, January 3rd. Investec reiterated a buy rating and issued a GBX 4,940 ($66.99) target price on shares of NEXT in a report on Wednesday, January 3rd. Beaufort Securities lowered shares of NEXT to a sell rating and set a GBX 4,000 ($54.24) price target for the company. in a research report on Wednesday, January 3rd. Jefferies Group reissued a hold rating and issued a GBX 5,200 ($70.52) price target on shares of NEXT in a research report on Tuesday, January 2nd. Finally, Whitman Howard reaffirmed a sell rating and set a GBX 3,700 ($50.18) price objective on shares of NEXT in a research report on Tuesday, January 2nd. Thirteen research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. NEXT presently has a consensus rating of Hold and a consensus target price of GBX 4,294.45 ($58.24).

NEXT (LON NXT) traded down GBX 77 ($1.04) during trading hours on Wednesday, hitting GBX 4,963 ($67.30). 920,542 shares of the stock traded hands, compared to its average volume of 631,604. NEXT has a one year low of GBX 3,565 ($48.35) and a one year high of GBX 5,355 ($72.62). The company has a market cap of $7,250.00 and a price-to-earnings ratio of 1,159.58.

The firm also recently declared a dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be issued a GBX 45 ($0.61) dividend. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 1.01%.

In other news, insider Michael J. Roney acquired 405 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of GBX 4,313 ($58.49) per share, with a total value 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.

Analyst Recommendations for NEXT (LON:NXT)

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