NEXT plc (LON:NXT) had its target price decreased by equities researchers at Royal Bank Of Canada from GBX 5,600 ($69.97) to GBX 5,300 ($66.22) in a research report issued to clients and investors on Monday. The brokerage currently has a “sector performer” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 7.05% from the company’s previous close.
NXT has been the topic of a number of other research reports. Goldman Sachs Group Inc. raised shares of NEXT plc to a “neutral” rating and upped their target price for the company from GBX 4,800 ($59.97) to GBX 5,600 ($69.97) in a research report on Tuesday, September 6th. Deutsche Bank AG reissued a “buy” rating and set a GBX 5,950 ($74.34) price target on shares of NEXT plc in a research report on Friday, September 16th. Haitong Bank reissued a “buy” rating and set a GBX 5,900 ($73.71) price target on shares of NEXT plc in a research report on Thursday, September 15th. Societe Generale raised shares of NEXT plc to a “buy” rating and increased their price target for the stock from GBX 5,695 ($71.15) to GBX 6,098 ($76.19) in a research report on Thursday, November 3rd. Finally, HSBC reissued a “hold” rating and set a GBX 4,485 ($56.03) price target on shares of NEXT plc in a research report on Wednesday, September 14th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 5,567.52 ($69.56).
NEXT plc (LON:NXT) traded up 0.02% during mid-day trading on Monday, reaching GBX 4951.00. 259,429 shares of the company were exchanged. The stock has a 50-day moving average of GBX 4,872.89 and a 200 day moving average of GBX 5,125.25. The firm’s market capitalization is GBX 7.18 billion. NEXT plc has a 1-year low of GBX 3,550.00 and a 1-year high of GBX 8,175.00.
The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be issued 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.