Shares of NEXT plc (LON:NXT) fell 0% on Thursday . The company traded as low as GBX 4,943 ($67.03) and last traded at GBX 4,963 ($67.30). 920,542 shares changed hands during trading, an increase of 46% from the average session volume of 631,604 shares. The stock had previously closed at GBX 4,963 ($67.30).
A number of research firms have weighed in on NXT. Deutsche Bank increased their price objective on NEXT from GBX 4,400 ($59.67) to GBX 4,500 ($61.03) and gave the stock a “hold” rating in a research report on Friday, December 8th. Shore Capital reaffirmed a “hold” rating on shares of NEXT in a research report on Wednesday, November 1st. 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 4,830 ($65.50) price objective on shares of NEXT in a research report on Thursday, November 2nd. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 5,000 ($67.81) price objective on shares of NEXT in a research report on Wednesday, November 1st. Thirteen investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 4,294.45 ($58.24).
The firm has a market cap of $7,290.00 and a P/E ratio of 1,165.89.
The company also recently disclosed a dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be paid a GBX 45 ($0.61) dividend. This represents a yield of 1.01%. The ex-dividend date is Thursday, January 4th.
In other news, insider Michael J. Roney acquired 405 shares of the company’s stock in a transaction that occurred 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 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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