NEXT (NXT) Price Target Raised to GBX 4,500 at Deutsche Bank

NEXT (LON:NXT) had its price objective lifted by Deutsche Bank from GBX 4,400 ($59.22) to GBX 4,500 ($60.57) in a research report report published on Friday morning. Deutsche Bank currently has a hold rating on the stock.

Several other analysts have also recently issued reports on NXT. reaffirmed a reduce rating and set a GBX 3,800 ($51.14) target price on shares of NEXT in a research report on Thursday, November 2nd. reaffirmed a reduce rating and set a GBX 3,800 ($51.14) target price on shares of NEXT in a research report on Thursday, November 2nd. HSBC reaffirmed a reduce rating and set a GBX 3,800 ($51.14) target price on shares of NEXT in a research report on Thursday, November 2nd. Peel Hunt reaffirmed a hold rating and set a GBX 5,000 ($67.29) target price on shares of NEXT in a research report on Tuesday. Finally, Jefferies Group increased their target price on NEXT from GBX 3,850 ($51.82) to GBX 4,600 ($61.91) and gave the company an underperform rating in a research report on Friday, August 11th. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 4,370.04 ($58.82).

Shares of NEXT (NXT) traded up GBX 43 ($0.58) during midday trading on Friday, reaching GBX 4,483 ($60.34). The company’s stock had a trading volume of 478,286 shares, compared to its average volume of 661,832. NEXT has a 1-year low of GBX 3,565 ($47.98) and a 1-year high of GBX 5,355 ($72.07).

The company also recently declared a dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a dividend of GBX 45 ($0.61) per share. The ex-dividend date is Thursday, January 4th. This represents a yield of 1.01%.

In other news, insider Michael J. Roney purchased 405 shares of the stock in a transaction on Thursday, November 9th. The stock was bought at an average price of GBX 4,313 ($58.05) per share, with a total value of £17,467.65 ($23,509.62).

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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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