NEXT plc’s (NXT) Sell Rating Reiterated at Berenberg Bank
NEXT plc (LON:NXT)‘s stock had its “sell” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Thursday. They presently have a GBX 3,650 ($47.14) target price on the stock. Berenberg Bank’s price target would indicate a potential downside of 26.91% from the stock’s current price.
Other analysts also recently issued research reports about the company. Credit Suisse Group restated an “underperform” rating and issued a GBX 4,000 ($51.66) target price on shares of NEXT plc in a research note on Friday, September 1st. Peel Hunt restated a “hold” rating and issued a GBX 4,200 ($54.24) target price on shares of NEXT plc in a research note on Thursday. Shore Capital restated a “hold” rating on shares of NEXT plc in a research note on Thursday. J P Morgan Chase & Co upped their target price on NEXT plc from GBX 4,580 ($59.15) to GBX 4,830 ($62.38) and gave the stock a “neutral” rating in a research note on Friday. Finally, Deutsche Bank AG upped their target price on NEXT plc from GBX 4,150 ($53.60) to GBX 4,400 ($56.83) and gave the stock a “hold” rating in a research note on Friday. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 4,489.10 ($57.98).
Shares of NEXT plc (LON:NXT) traded up 1.02% on Thursday, reaching GBX 5045.00. 1,306,682 shares of the company traded hands. The firm has a 50-day moving average price of GBX 4,229.86 and a 200 day moving average price of GBX 4,136.47. The company’s market capitalization is GBX 7.20 billion. NEXT plc has a one year low of GBX 3,565.00 and a one year high of GBX 5,225.00.
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In other news, insider Caroline Goodall bought 450 shares of NEXT plc stock in a transaction on Monday, August 7th. The stock was acquired at an average price of GBX 4,294 ($55.46) per share, with a total value of £19,323 ($24,955.44). Also, insider Michael J. Roney bought 9,061 shares of NEXT plc stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73).
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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