AlphaValue upgraded shares of Next (LON:NXT) to a reduce rating in a research report released on Tuesday.
Several other research analysts have also recently commented on NXT. Deutsche Bank increased their price target on Next from GBX 4,700 ($66.43) to GBX 4,850 ($68.55) and gave the company a hold rating in a research report on Monday, March 26th. Royal Bank of Canada increased their price target on Next from GBX 5,500 ($77.74) to GBX 5,700 ($80.57) and gave the company an outperform rating in a research report on Monday, March 26th. Credit Suisse Group reissued an underperform rating and set a GBX 4,500 ($63.60) price target on shares of Next in a research report on Monday, March 26th. Peel Hunt reissued a hold rating and set a GBX 5,000 ($70.67) price target on shares of Next in a research report on Friday, March 23rd. Finally, Shore Capital reissued a hold rating on shares of Next in a research report on Wednesday, March 21st. Thirteen analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Next currently has an average rating of Hold and an average price target of GBX 4,386.40 ($62.00).
Shares of LON NXT opened at GBX 5,014 ($70.87) on Tuesday. Next has a 52 week low of GBX 3,565 ($50.39) and a 52 week high of GBX 5,355 ($75.69).
The firm also recently disclosed a dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Thursday, July 5th will be given a GBX 105 ($1.48) dividend. This represents a dividend yield of 2.11%. This is a boost from Next’s previous dividend of $45.00. The ex-dividend date of this dividend is Thursday, July 5th.
In other Next news, insider Michael J. Roney acquired 1,263 shares of the business’s stock in a transaction dated Friday, April 6th. The stock was bought at an average cost of GBX 4,723 ($66.76) per share, with a total value of £59,651.49 ($84,313.06).
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Next Company Profile
NEXT plc engages in the retail of clothing, footwear, accessories, and home products for men, women, and children in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates a chain of approximately 540 stores under the name NEXT Retail in the United Kingdom and Eire.
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