Next Plc (LON:NXT) was upgraded by analysts at Cantor Fitzgerald to a “buy” rating in a research report issued to clients and investors on Monday, American Banking & Market News reports. The firm currently has a GBX 6,500 ($106.61) price target on the stock, up from their previous price target of GBX 5,200 ($85.29). Cantor Fitzgerald’s target price would indicate a potential upside of 6.82% from the company’s current price.
Next Plc (LON:NXT) traded up 1.40% on Monday, hitting GBX 6170.00. 504,921 shares of the company’s stock traded hands. Next Plc has a 52-week low of GBX 3864.00 and a 52-week high of GBX 5620.00. The stock has a 50-day moving average of GBX 5469.04 and a 200-day moving average of GBX 5115.75. The company’s market cap is £9.282 billion.
The company also recently declared a dividend, which is scheduled for Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of GBX 50 ($0.82) per share. This represents a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, January 15th.
A number of other analysts have also recently weighed in on NXT. Analysts at Citigroup Inc. raised their price target on shares of Next Plc from GBX 6,100 ($100.05) to GBX 7,000 ($114.81) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Next Plc in a research note to investors on Monday. They now have a GBX 5,650 ($92.67) price target on the stock, up previously from GBX 5,150 ($84.47). Finally, analysts at Nomura upgraded shares of Next Plc to a “buy” rating in a research note to investors on Friday. They now have a GBX 6,500 ($106.61) price target on the stock, up previously from GBX 5,380 ($88.24). Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 5,447.92 ($89.35).
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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