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NEXT (LON:NXT) Receives "Not Rated" Rating from Shore Capital

NEXT logo with Consumer Cyclical background

Shore Capital reiterated their not rated rating on shares of NEXT (LON:NXT - Free Report) in a report released on Thursday, MarketBeat.com reports.

NEXT Stock Up 0.5 %

Shares of NXT stock traded up GBX 55 ($0.73) during mid-day trading on Thursday, hitting £103.90 ($137.25). 367,752 shares of the stock traded hands, compared to its average volume of 507,488. The stock's fifty day moving average is GBX 9,607.94 and its two-hundred day moving average is GBX 9,230.18. The company has a debt-to-equity ratio of 117.65, a current ratio of 1.97 and a quick ratio of 1.07. NEXT has a 52-week low of GBX 6,746 ($89.11) and a 52-week high of £111.04 ($146.68). The stock has a market cap of £12.43 billion, a P/E ratio of 1,644.05, a P/E/G ratio of 5.66 and a beta of 1.37.

NEXT Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 5th will be issued a GBX 75 ($0.99) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 0.73%. NEXT's dividend payout ratio is currently 3,155.49%.

About NEXT

(Get Free Report)

NEXT plc engages in the retail of clothing, beauty, 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; Total Platform; Property Management; and Franchise, Sourcing, and other segments.

Further Reading

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