Citigroup Inc. Reiterates “Buy” Rating for NEXT plc (NXT)
NEXT plc (LON:NXT)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Wednesday. They currently have a GBX 7,600 ($129.05) price objective on the stock. Citigroup Inc.’s target price would suggest a potential upside of 13.18% from the company’s current price.
NXT has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “hold” rating on shares of NEXT plc in a research note on Tuesday, July 29th. They now have a GBX 7,000 ($118.87) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe raised their price target on shares of NEXT plc from GBX 7,200 ($122.26) to GBX 7,400 ($125.66) in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 6,614.29 ($112.32).
Shares of NEXT plc (LON:NXT) traded down 0.81% during mid-day trading on Wednesday, hitting GBX 6715.00. 372,300 shares of the company’s stock traded hands. NEXT plc has a 1-year low of GBX 4775.00 and a 1-year high of GBX 7967.00. The stock has a 50-day moving average of GBX 6491.75 and a 200-day moving average of GBX 6499.66. The company’s market cap is £9.995 billion.
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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