Liberum Capital Begins Coverage on Next (NXT)

Liberum Capital began coverage on shares of Next (LON:NXT) in a report issued on Tuesday morning. The firm issued a hold rating and a GBX 5,000 ($69.74) price objective on the stock.

A number of other brokerages also recently weighed in on NXT. Deutsche Bank boosted their price target on Next from GBX 4,850 ($67.64) to GBX 4,900 ($68.34) and gave the company a hold rating in a report on Tuesday. HSBC upgraded Next to a hold rating and boosted their price target for the company from GBX 3,360 ($46.86) to GBX 4,600 ($64.16) in a report on Monday. Royal Bank of Canada upgraded Next to an outperform rating and boosted their price target for the company from GBX 4,800 ($66.95) to GBX 5,500 ($76.71) in a report on Thursday, January 25th. Credit Suisse Group reiterated an underperform rating and issued a GBX 4,500 ($62.76) price target on shares of Next in a report on Monday, March 26th. Finally, AlphaValue upgraded Next to a reduce rating in a report on Tuesday, April 10th. Twelve equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 4,456.10 ($62.15).

Shares of LON NXT opened at GBX 5,234 ($73.00) on Tuesday. Next has a twelve month low of GBX 3,565 ($49.72) and a twelve month high of GBX 5,355 ($74.69).

The business also recently disclosed a dividend, which will be paid on Wednesday, August 1st. Investors of record on Thursday, July 5th will be paid a dividend of GBX 105 ($1.46) per share. This is an increase from Next’s previous dividend of $45.00. This represents a yield of 2.11%. The ex-dividend date is Thursday, July 5th.

In related news, insider Michael J. Roney acquired 1,263 shares of the stock in a transaction that occurred on Friday, April 6th. The stock was purchased at an average cost of GBX 4,723 ($65.87) per share, for a total transaction of £59,651.49 ($83,195.94).

About Next

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.

Analyst Recommendations for Next (LON:NXT)

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