NEXT plc PT Raised to GBX 8,075 at Berenberg Bank (NXT)
Equities research analysts at Berenberg Bank increased their price objective on shares of NEXT plc (LON:NXT) from GBX 7,740 ($131.43) to GBX 8,075 ($137.12) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 20.25% from the company’s current price.
NEXT plc (LON:NXT) traded down 0.81% on Friday, hitting GBX 6715.00. 372,300 shares of the company’s stock traded hands. NEXT plc has a one year low of GBX 4775.00 and a one year high of GBX 7967.00. The stock’s 50-day moving average is GBX 6491.75 and its 200-day moving average is GBX 6499.66. The company’s market cap is £9.995 billion.
A number of other firms have also recently commented on NXT. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of NEXT plc in a research note on Wednesday. They now have a GBX 6,750 ($114.62) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of NEXT plc in a research note on Wednesday. They now have a GBX 6,700 ($113.77) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of NEXT plc in a research note on Wednesday. They now have a GBX 7,600 ($129.05) price target on the stock. 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 stock currently has a consensus rating of “Hold” and an average target price of GBX 6,614.29 ($112.32).
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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