NEXT (NXT) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reissued their hold rating on shares of NEXT (LON:NXT) in a research note issued to investors on Wednesday.

Several other research firms have also recently commented on NXT. UBS Group raised their target price on shares of NEXT from GBX 5,750 ($75.13) to GBX 6,600 ($86.24) and gave the company a buy rating in a research note on Friday, July 13th. Royal Bank of Canada raised their target price on shares of NEXT from GBX 6,300 ($82.32) to GBX 6,700 ($87.55) and gave the company an outperform rating in a research note on Wednesday, July 18th. Liberum Capital reissued a hold rating on shares of NEXT in a research note on Wednesday, August 1st. HSBC raised their target price on shares of NEXT from GBX 4,600 ($60.11) to GBX 5,550 ($72.52) and gave the company a hold rating in a research note on Monday, July 9th. Finally, Shore Capital reissued a hold rating on shares of NEXT in a research note on Monday, July 30th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. NEXT currently has a consensus rating of Hold and an average price target of GBX 5,084.44 ($66.44).

NEXT stock opened at GBX 5,424 ($70.87) on Wednesday. NEXT has a 52 week low of GBX 3,565 ($46.58) and a 52 week high of GBX 5,355 ($69.97).

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Thursday, December 6th will be given a dividend of GBX 55 ($0.72) per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a dividend yield of 1%.

In other news, insider Richard Papp sold 1,100 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of GBX 5,713 ($74.65), for a total transaction of £62,843 ($82,115.51).

NEXT Company Profile

NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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Analyst Recommendations for NEXT (LON:NXT)

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