NEXT (NXT) Stock Rating Reaffirmed by Deutsche Bank

NEXT (LON:NXT)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a GBX 4,700 ($64.94) price objective on the stock. Deutsche Bank’s target price would indicate a potential downside of 3.59% from the company’s current price.

Other equities analysts also recently issued research reports about the company. HSBC reiterated a “reduce” rating and issued a GBX 3,800 ($52.50) price objective on shares of NEXT in a report on Thursday, November 2nd. reiterated a “reduce” rating and issued a GBX 3,800 ($52.50) price objective on shares of NEXT in a report on Thursday, November 2nd. reiterated a “reduce” rating and issued a GBX 3,800 ($52.50) price objective on shares of NEXT in a report on Thursday, November 2nd. Numis Securities reissued a “hold” rating and issued a GBX 5,100 ($70.46) target price on shares of NEXT in a research note on Thursday, January 4th. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 5,000 ($69.08) target price on shares of NEXT in a research note on Wednesday, November 1st. Thirteen analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,349 ($60.09).

NEXT (NXT) opened at GBX 4,875 ($67.35) on Wednesday. The stock has a market capitalization of $6,940.00 and a price-to-earnings ratio of 1,139.02. NEXT has a twelve month low of GBX 3,565 ($49.25) and a twelve month high of GBX 5,355 ($73.98).

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About NEXT

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.

Analyst Recommendations for NEXT (LON:NXT)

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