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

NEXT (LON:NXT) had its target price hoisted by Deutsche Bank from GBX 4,400 ($59.22) to GBX 4,500 ($60.57) in a research note released on Friday morning. The firm currently has a hold rating on the stock.

NXT has been the topic of a number of other reports. Morgan Stanley cut NEXT to an underweight rating and set a GBX 4,300 ($57.87) price target on the stock. in a report on Wednesday, October 11th. restated a reduce rating and set a GBX 3,800 ($51.14) price target on shares of NEXT in a report on Thursday, November 2nd. Barclays restated an underweight rating on shares of NEXT in a report on Thursday, August 31st. Credit Suisse Group increased their price target on NEXT from GBX 4,000 ($53.84) to GBX 4,200 ($56.53) and gave the stock an underperform rating in a report on Friday, September 15th. Finally, Shore Capital restated a hold rating on shares of NEXT in a report on Wednesday, November 1st. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 4,370.04 ($58.82).

NEXT (LON NXT) opened at GBX 4,453 ($59.93) on Friday. NEXT has a twelve month low of GBX 3,565 ($47.98) and a twelve month high of GBX 5,355 ($72.07).

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

In related news, insider Michael J. Roney acquired 405 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of GBX 4,313 ($58.05) per share, for a total transaction 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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