NEXT plc (LON:NXT) Given Consensus Rating of “Hold” by Brokerages

NEXT plc (LON:NXT – Get Rating) has received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 6,900 ($85.82).

Several brokerages have recently commented on NXT. Liberum Capital restated a “buy” rating and set a GBX 7,500 ($93.28) price target on shares of NEXT in a research note on Thursday, February 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 6,500 ($80.85) price target on shares of NEXT in a research note on Tuesday, May 9th. Shore Capital restated a “hold” rating on shares of NEXT in a research note on Thursday, May 4th. Finally, Jefferies Financial Group increased their price target on shares of NEXT from GBX 5,700 ($70.90) to GBX 7,500 ($93.28) and gave the stock a “hold” rating in a research note on Monday, March 6th.

NEXT Stock Performance

Shares of NXT opened at GBX 6,400 ($79.60) on Friday. The company’s fifty day moving average is GBX 6,631.61 and its 200-day moving average is GBX 6,401.61. NEXT has a 12 month low of GBX 4,306 ($53.56) and a 12 month high of GBX 7,082 ($88.08). The firm has a market cap of £8.22 billion, a price-to-earnings ratio of 1,122.81, a price-to-earnings-growth ratio of 5.66 and a beta of 1.34. The company has a quick ratio of 1.07, a current ratio of 2.04 and a debt-to-equity ratio of 165.29.

NEXT Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, August 1st. Investors of record on Thursday, July 6th will be paid a GBX 140 ($1.74) dividend. The ex-dividend date is Thursday, July 6th. This is a positive change from NEXT’s previous dividend of $66.00. This represents a yield of 2.08%. NEXT’s dividend payout ratio (DPR) is presently 3,614.04%.

Insider Buying and Selling at NEXT

In other NEXT news, insider Richard Papp sold 5,300 shares of the stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of GBX 6,506 ($80.92), for a total value of £344,818 ($428,878.11). Insiders own 7.11% of the company’s stock.

About NEXT

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NEXT plc engages in the retail of clothing, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments.