NEXT (LON:NXT) Upgraded at Credit Suisse Group

Credit Suisse Group upgraded shares of NEXT (LON:NXT) to a neutral rating in a research note released on Monday, ThisIsMoney.Co.Uk reports. The firm currently has GBX 6,000 ($78.40) price objective on the stock, up from their previous price objective of GBX 5,600 ($73.17).

Other equities research analysts have also recently issued research reports about the company. Peel Hunt restated a hold rating and issued a GBX 5,800 ($75.79) price target (up previously from GBX 5,600 ($73.17)) on shares of NEXT in a research note on Monday, July 29th. Shore Capital restated a hold rating on shares of NEXT in a research note on Friday, September 13th. HSBC restated a buy rating on shares of NEXT in a research note on Monday. Goldman Sachs Group upgraded NEXT to a buy rating in a research note on Tuesday, August 13th. Finally, Berenberg Bank restated a hold rating and issued a GBX 4,100 ($53.57) price target on shares of NEXT in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 5,744.44 ($75.06).

NXT opened at GBX 5,972 ($78.03) on Monday. NEXT has a 1-year low of GBX 3,970 ($51.88) and a 1-year high of GBX 6,218 ($81.25). The stock’s fifty day simple moving average is GBX 5,872.12 and its 200 day simple moving average is GBX 5,630.22. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 233.24. The stock has a market cap of $8.10 billion and a PE ratio of 13.79.

The company also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 5th will be issued a GBX 57.50 ($0.75) dividend. This represents a yield of 0.99%. The ex-dividend date is Thursday, December 5th. NEXT’s dividend payout ratio is 0.38%.

About NEXT

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

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Analyst Recommendations for NEXT (LON:NXT)

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