The NEXT plc’s (NXT) “Buy” Rating Reaffirm at Haitong Bank

The NEXT plc’s (NXT) “Buy” Rating Reaffirm at Haitong Bank

NEXT plc (LON:NXT)‘s stock had its “buy” rating reiterated by research analysts at Haitong Bank in a research note issued to investors on Wednesday. They presently have a GBX 5,900 ($73.71) target price on the stock. Haitong Bank’s price target indicates a potential upside of 19.17% from the company’s current price.

Several other equities research analysts also recently weighed in on NXT. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 5,500 ($68.72) price target on shares of NEXT plc in a report on Thursday, August 4th. Jefferies Group reaffirmed a “hold” rating and set a GBX 4,600 ($57.47) price target on shares of NEXT plc in a report on Tuesday, July 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 5,500 ($68.72) price target on shares of NEXT plc in a report on Friday, September 16th. BNP Paribas increased their price target on NEXT plc from GBX 4,900 ($61.22) to GBX 5,600 ($69.97) and gave the stock an “underperform” rating in a report on Friday, September 9th. Finally, Barclays PLC decreased their price target on NEXT plc from GBX 7,500 ($93.70) to GBX 6,000 ($74.96) and set an “overweight” rating for the company in a report on Friday, July 22nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently 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, hitting GBX 4935.2559. 259,429 shares of the stock were exchanged. 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. NEXT plc has a one year low of GBX 3,550.00 and a one year high of GBX 8,175.00. The stock’s market cap is GBX 7.16 billion.

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

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