NEXT plc (LON:NXT)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued on Tuesday. They presently have a GBX 4,400 ($57.87) price target on the stock. Deutsche Bank AG’s target price suggests a potential upside of 1.17% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Investec reissued a “buy” rating and issued a GBX 4,750 ($62.48) price target on shares of NEXT plc in a research report on Thursday, August 3rd. Societe Generale lifted their price target 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 research report on Friday, September 15th. Peel Hunt reissued a “hold” rating and issued a GBX 4,200 ($55.24) price target on shares of NEXT plc in a research report on Thursday, September 14th. Shore Capital reissued a “hold” rating on shares of NEXT plc in a research report on Thursday, September 14th. Finally, Jefferies Group LLC raised shares of NEXT plc to a “hold” rating and lifted their price target for the company from GBX 3,500 ($46.03) to GBX 3,850 ($50.64) in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 4,365.70 ($57.42).
NEXT plc (LON NXT) opened at GBX 4,349.20 ($57.20) on Tuesday. NEXT plc has a 52-week low of GBX 43.19 ($0.57) and a 52-week high of GBX 5,355 ($70.43).
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In other news, insider Michael J. Roney bought 405 shares of NEXT plc stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of GBX 4,313 ($56.73) per share, for a total transaction 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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