NEXT plc’s (NXT) Underweight Rating Reiterated at Barclays PLC
NEXT plc (LON:NXT)‘s stock had its “underweight” rating reaffirmed by analysts at Barclays PLC in a note issued to investors on Friday. They currently have a GBX 3,900 ($52.58) price target on the stock. Barclays PLC’s price objective would suggest a potential downside of 23.08% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Credit Suisse Group restated an “underperform” rating and issued a GBX 4,000 ($53.93) price objective on shares of NEXT plc in a report on Friday, September 1st. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 4,580 ($61.75) price objective 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 ($62.02) to GBX 5,200 ($70.11) and gave the company a “hold” rating in a report on Friday, September 15th. Societe Generale lifted their price objective on shares of NEXT plc from GBX 4,129 ($55.67) to GBX 4,737 ($63.87) and gave the company a “hold” rating in a report on Friday, September 15th. Finally, Shore Capital restated a “hold” rating on shares of NEXT plc in a report on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 4,438.55 ($59.84).
Shares of NEXT plc (LON NXT) opened at 5085.00 on Friday. The stock has a 50 day moving average of GBX 4,322.41 and a 200 day moving average of GBX 4,161.42. The stock’s market cap is GBX 7.25 billion. NEXT plc has a 12 month low of GBX 3,565.00 and a 12 month high of GBX 5,225.00.
In related news, insider Michael J. Roney acquired 9,061 shares of NEXT plc stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of GBX 4,386 ($59.13) per share, for a total transaction of £397,415.46 ($535,816.99). Also, insider Caroline Goodall acquired 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The shares were bought at an average price of GBX 4,294 ($57.89) per share, with a total value of £19,323 ($26,052.31).
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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