The NEXT plc (NXT) Stock Rating Upgrade by Peel Hunt

The NEXT plc (NXT) Stock Rating Upgrade by Peel Hunt

NEXT plc (LON:NXT) was upgraded by analysts at Peel Hunt to a “hold” rating in a research report issued on Wednesday. The brokerage presently has a GBX 5,000 ($62.47) price target on the stock, up from their prior price target of GBX 4,800 ($59.97). Peel Hunt’s price objective would suggest a potential upside of 0.99% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Numis Securities Ltd reissued an “add” rating and set a GBX 5,750 ($71.84) price objective on shares of NEXT plc in a research report on Thursday, August 4th. Beaufort Securities reaffirmed a “buy” rating on shares of NEXT plc in a report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “buy” rating on shares of NEXT plc in a report on Wednesday, August 3rd. Finally, Haitong Bank reaffirmed a “buy” rating and issued a GBX 5,900 ($73.71) target price on shares of NEXT plc in a report on Wednesday, July 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 5,567.52 ($69.56).

NEXT plc (LON:NXT) traded up 0.0202% during midday trading on Wednesday, reaching GBX 4935.2559. The company’s stock had a trading volume of 259,429 shares. NEXT plc has a one year low of GBX 3,550.00 and a one year high of GBX 8,175.00. The firm has a 50 day moving average price of GBX 4,872.89 and a 200 day moving average price of GBX 5,125.25. The firm’s market cap is GBX 7.16 billion.

The business also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be paid a GBX 53 ($0.66) dividend. The ex-dividend date is Thursday, December 8th. This represents a yield of 1.07%.

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