NEXT (LON:NXT) had its price objective decreased by Berenberg Bank from GBX 4,000 ($56.15) to GBX 3,800 ($53.34) in a research note issued to investors on Tuesday. Berenberg Bank currently has a hold rating on the stock.
A number of other research firms have also issued reports on NXT. Goldman Sachs reiterated a sell rating and issued a GBX 4,240 ($59.52) target price on shares of NEXT in a research note on Thursday, January 4th. Deutsche Bank reiterated a hold rating and issued a GBX 4,700 ($65.97) target price on shares of NEXT in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a sector performer rating and issued a GBX 4,500 ($63.17) target price on shares of NEXT in a research note on Wednesday, January 3rd. Peel Hunt reiterated a hold rating and issued a GBX 5,000 ($70.19) target price on shares of NEXT in a research note on Friday, March 23rd. Finally, Credit Suisse Group restated an underperform rating and issued a GBX 4,500 ($63.17) price target on shares of NEXT in a research report on Monday, March 26th. Twelve investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. NEXT currently has a consensus rating of Hold and a consensus price target of GBX 4,386.40 ($61.57).
LON:NXT opened at GBX 4,771 ($66.97) on Tuesday. NEXT has a 1 year low of GBX 3,565 ($50.04) and a 1 year high of GBX 5,355 ($75.17).
The firm also recently announced a dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Thursday, July 5th will be given a dividend of GBX 105 ($1.47) per share. This is a positive change from NEXT’s previous dividend of $45.00. This represents a dividend yield of 2.11%. The ex-dividend date is Thursday, July 5th.
In other NEXT news, insider Michael J. Roney bought 1,263 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were acquired at an average cost of GBX 4,723 ($66.30) per share, for a total transaction of £59,651.49 ($83,733.14).
COPYRIGHT VIOLATION NOTICE: “NEXT (NXT) Price Target Cut to GBX 3,800 by Analysts at Berenberg Bank” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/07/next-nxt-price-target-cut-to-gbx-3800-by-analysts-at-berenberg-bank.html.
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.
Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with MarketBeat.com's FREE daily email newsletter.