Deutsche Bank Reaffirms Hold Rating for NEXT (NXT)
A number of other brokerages have also commented on NXT. Goldman Sachs Group restated a sell rating and issued a GBX 4,240 ($58.58) target price on shares of NEXT in a research note on Thursday, January 4th. restated a reduce rating and issued a GBX 3,800 ($52.50) target price on shares of NEXT in a research note on Thursday, November 2nd. Royal Bank of Canada restated a sector performer rating and issued a GBX 4,500 ($62.17) target price on shares of NEXT in a research note on Wednesday, January 3rd. HSBC restated a reduce rating and issued a GBX 3,800 ($52.50) target price on shares of NEXT in a research note on Thursday, November 2nd. Finally, Credit Suisse Group restated an underperform rating and issued a GBX 4,200 ($58.03) target price on shares of NEXT in a research note on Tuesday, November 21st. Thirteen investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 4,349 ($60.09).
Shares of NEXT (LON:NXT) traded down GBX 76 ($1.05) during midday trading on Friday, hitting GBX 4,680 ($64.66). The company had a trading volume of 493,398 shares, compared to its average volume of 635,501. The firm has a market capitalization of $6,710.00 and a price-to-earnings ratio of 1,093.46. 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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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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