UBS Group restated their buy rating on shares of NEXT (LON:NXT) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other analysts have also weighed in on NXT. Royal Bank of Canada reiterated an outperform rating on shares of NEXT in a research note on Thursday, February 7th. Liberum Capital reiterated a buy rating on shares of NEXT in a research note on Tuesday, February 19th. Peel Hunt reiterated a hold rating on shares of NEXT in a research note on Thursday, March 21st. Shore Capital reiterated a hold rating on shares of NEXT in a research note on Thursday, March 21st. Finally, HSBC increased their price objective on shares of NEXT from GBX 5,900 ($77.09) to GBX 6,300 ($82.32) and gave the stock a buy rating in a research note on Friday, March 22nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. NEXT has an average rating of Hold and a consensus price target of GBX 5,520 ($72.13).
Shares of LON NXT traded up GBX 58 ($0.76) during midday trading on Wednesday, reaching GBX 5,828 ($76.15). The company had a trading volume of 347,864 shares, compared to its average volume of 625,680. The stock has a market cap of $7.65 billion and a P/E ratio of 13.46. NEXT has a 1 year low of GBX 3,970 ($51.88) and a 1 year high of GBX 6,224 ($81.33). The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 233.24.
The company also recently declared a dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 4th will be given a dividend of GBX 110 ($1.44) per share. This represents a yield of 2.07%. The ex-dividend date of this dividend is Thursday, July 4th. This is a positive change from NEXT’s previous dividend of $55.00. NEXT’s dividend payout ratio (DPR) is currently 0.38%.
In other news, insider Tristia Harrison purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of GBX 5,086 ($66.46) per share, for a total transaction of £50,860 ($66,457.60).
NEXT Company Profile
NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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