Next (LON:NXT) PT Raised to GBX 4,850 at Deutsche Bank

Next (LON:NXT) had its price objective upped by Deutsche Bank from GBX 4,700 ($67.30) to GBX 4,850 ($69.44) in a research report sent to investors on Monday, March 26th. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently issued reports on NXT. Peel Hunt reissued a hold rating and set a GBX 5,000 ($71.59) target price on shares of Next in a research note on Tuesday, December 5th. Berenberg Bank reissued a sell rating and set a GBX 3,650 ($52.26) target price on shares of Next in a research note on Monday, December 18th. Whitman Howard reissued a sell rating and set a GBX 3,700 ($52.98) target price on shares of Next in a research note on Tuesday, January 2nd. Jefferies Group reissued a hold rating and set a GBX 5,200 ($74.46) target price on shares of Next in a research note on Tuesday, January 2nd. Finally, Beaufort Securities cut Next to a sell rating and set a GBX 4,000 ($57.27) target price for the company. in a research note on Wednesday, January 3rd. Thirteen investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 4,386.40 ($62.81).

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LON NXT traded up GBX 108 ($1.55) during trading hours on Monday, reaching GBX 5,172 ($74.05). 740,178 shares of the company’s stock were exchanged, compared to its average volume of 625,680. Next has a one year low of GBX 3,565 ($51.05) and a one year high of GBX 5,355 ($76.68).

The company also recently announced a dividend, which will be paid on Wednesday, August 1st. Investors of record on Thursday, July 5th will be paid a GBX 105 ($1.50) dividend. The ex-dividend date of this dividend is Thursday, July 5th. This is a boost from Next’s previous dividend of $45.00. This represents a dividend yield of 2.11%.

In other news, insider Michael J. Roney bought 1,263 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The stock was acquired at an average cost of GBX 4,723 ($67.63) per share, with a total value of £59,651.49 ($85,411.64).

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Next Company Profile

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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