NEXT plc PT Raised to GBX 7,400 at Cantor Fitzgerald Europe (NXT)
Analysts at Cantor Fitzgerald Europe lifted their price target on shares of NEXT plc (LON:NXT) from GBX 7,200 ($122.26) to GBX 7,400 ($125.66) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald Europe‘s price objective suggests a potential upside of 10.61% from the company’s current price.
NEXT plc (LON:NXT) traded up 2.61% during mid-day trading on Tuesday, hitting GBX 6690.00. The stock had a trading volume of 731,964 shares. NEXT plc has a 52-week low of GBX 4775.00 and a 52-week high of GBX 7967.00. The stock’s 50-day moving average is GBX 6474.85 and its 200-day moving average is GBX 6492.33. The company’s market cap is £9.957 billion.
A number of other firms have also recently commented on NXT. Analysts at Jefferies Group reiterated a “buy” rating on shares of NEXT plc in a research note on Thursday, July 24th. They now have a GBX 7,500 ($127.36) price target on the stock. Separately, analysts at Investec raised their price target on shares of NEXT plc from GBX 6,700 ($113.77) to GBX 7,000 ($118.87) in a research note on Tuesday, July 15th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of NEXT plc in a research note on Friday, July 11th. They now have a GBX 6,700 ($113.77) price target on the stock, up previously from GBX 6,300 ($106.98). Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 6,512.34 ($110.58).
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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