NEXT plc (LON:NXT)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank AG in a report issued on Tuesday, October 24th. They currently have a GBX 4,400 ($57.87) price target on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 0.48% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group reissued an “underperform” rating and set a GBX 4,000 ($52.61) target price on shares of NEXT plc in a research report on Friday, September 1st. Barclays PLC restated an “underweight” rating and issued a GBX 3,900 ($51.30) price target on shares of NEXT plc in a report on Friday, June 30th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 4,580 ($60.24) price target on shares of NEXT plc in a report on Friday, August 4th. Jefferies Group LLC lifted their price objective on shares of NEXT plc from GBX 4,600 ($60.50) to GBX 5,200 ($68.39) and gave the company a “hold” rating in a research note on Friday, September 15th. Finally, Societe Generale lifted their target price on shares of NEXT plc from GBX 4,129 ($54.31) to GBX 4,737 ($62.30) and gave the company a “hold” rating in a report on Friday, September 15th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 4,450.55 ($58.54).
NEXT plc (LON NXT) opened at GBX 4,379 ($57.60) on Tuesday. NEXT plc has a 12-month low of GBX 3,565 ($46.89) and a 12-month high of GBX 5,355 ($70.43).
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In other news, insider Michael J. Roney acquired 405 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of GBX 4,313 ($56.73) per share, with a total value of £17,467.65 ($22,974.68).
NEXT plc Company Profile
NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties.
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