NEXT’s (NXT) Hold Rating Reaffirmed at Peel Hunt
NEXT (LON:NXT)‘s stock had its “hold” rating reissued by analysts at Peel Hunt in a research note issued on Tuesday. They presently have a GBX 5,000 ($67.29) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 13.53% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Credit Suisse Group restated an “underperform” rating and set a GBX 4,000 ($53.84) price objective on shares of NEXT in a research note on Friday, September 1st. restated a “reduce” rating and set a GBX 3,800 ($51.14) price objective on shares of NEXT in a research note on Thursday, November 2nd. restated a “reduce” rating and set a GBX 3,800 ($51.14) price objective on shares of NEXT in a research note on Thursday, November 2nd. HSBC restated a “reduce” rating and set a GBX 3,800 ($51.14) price objective on shares of NEXT in a research note on Thursday, November 2nd. Finally, Societe Generale boosted their price objective on NEXT from GBX 4,129 ($55.57) to GBX 4,737 ($63.76) and gave the stock a “hold” rating in a research note on Friday, September 15th. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. NEXT currently has an average rating of “Hold” and an average price target of GBX 4,365.70 ($58.76).
NEXT (LON NXT) opened at GBX 4,404 ($59.27) on Tuesday. NEXT has a one year low of GBX 3,565 ($47.98) and a one year high of GBX 5,355 ($72.07).
In other news, insider Michael J. Roney acquired 405 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of GBX 4,313 ($58.05) per share, for a total transaction of £17,467.65 ($23,509.62).
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NEXT 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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