NEXT plc (NXT) Given Average Recommendation of “Hold” by Analysts

NEXT plc (LON:NXT) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are covering the company, MarketBeat.com reports. Thirteen research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 4,368.90 ($60.36).

A number of equities research analysts have weighed in on the stock. Deutsche Bank boosted their target price on shares of NEXT from GBX 4,700 ($64.94) to GBX 4,850 ($67.01) and gave the stock a “hold” rating in a report on Monday, March 26th. Royal Bank of Canada boosted their target price on shares of NEXT from GBX 5,500 ($75.99) to GBX 5,700 ($78.75) and gave the stock an “outperform” rating in a report on Monday, March 26th. Credit Suisse Group reissued an “underperform” rating and set a GBX 4,500 ($62.17) target price on shares of NEXT in a report on Monday, March 26th. Peel Hunt reissued a “hold” rating and set a GBX 5,000 ($69.08) target price on shares of NEXT in a report on Friday, March 23rd. Finally, Shore Capital reissued a “hold” rating on shares of NEXT in a report on Wednesday, March 21st.

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LON:NXT opened at GBX 4,759 ($65.75) on Friday. NEXT has a fifty-two week low of GBX 3,565 ($49.25) and a fifty-two week high of GBX 5,355 ($73.98).

The company also recently declared a dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Thursday, July 5th will be given a GBX 105 ($1.45) dividend. The ex-dividend date is Thursday, July 5th. This represents a dividend yield of 2.11%. This is an increase from NEXT’s previous dividend of $45.00.

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About NEXT

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.

Analyst Recommendations for NEXT (LON:NXT)

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