NEXT plc (LON:NXT) Given “Hold” Rating at Peel Hunt
A number of other analysts also recently issued reports on NXT. Canaccord Genuity downgraded NEXT plc to a sell rating and cut their target price for the stock from GBX 4,400 ($58.04) to GBX 3,714 ($48.99) in a research note on Friday, April 7th. HSBC Holdings plc reaffirmed a reduce rating and issued a GBX 3,530 ($46.56) target price on shares of NEXT plc in a research note on Monday, April 24th. Jefferies Group LLC downgraded NEXT plc to an underperform rating and set a GBX 3,500 ($46.17) target price for the company. in a research note on Wednesday, April 26th. Deutsche Bank AG reaffirmed a hold rating on shares of NEXT plc in a research note on Thursday, April 27th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 4,580 ($60.41) target price on shares of NEXT plc in a research note on Tuesday, May 2nd. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. NEXT plc currently has a consensus rating of Hold and an average target price of GBX 4,496.91 ($59.32).
NEXT plc (NXT) traded down 0.18% on Thursday, reaching GBX 4393.00. 726,166 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of GBX 3,887.10 and a 200 day moving average price of GBX 4,049.51. NEXT plc has a one year low of GBX 3,565.00 and a one year high of GBX 5,705.00. The firm’s market cap is GBX 6.27 billion.
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In other news, insider Michael J. Roney bought 9,061 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average cost of GBX 4,386 ($57.86) per share, for a total transaction of £397,415.46 ($524,225.64).
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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