NEXT plc (LON:NXT) PT Lowered to GBX 4,250 at Deutsche Bank AG
NEXT plc (LON:NXT) had its price objective reduced by stock analysts at Deutsche Bank AG from GBX 4,650 ($59.15) to GBX 4,250 ($54.06) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 10.22% from the company’s current price.
Several other equities analysts also recently commented on NXT. Berenberg Bank reissued a “hold” rating and set a GBX 4,000 ($50.88) target price on shares of NEXT plc in a research report on Thursday, March 9th. J P Morgan Chase & Co reissued a “neutral” rating on shares of NEXT plc in a research report on Tuesday, March 14th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 3,530 ($44.90) target price on shares of NEXT plc in a research report on Wednesday, March 22nd. Shore Capital reissued a “sell” rating on shares of NEXT plc in a research report on Thursday, March 23rd. Finally, Peel Hunt reissued a “hold” rating and set a GBX 4,200 ($53.42) target price on shares of NEXT plc in a research report on Thursday, March 23rd. Eight research 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. The company presently has a consensus rating of “Hold” and an average price target of GBX 4,461.05 ($56.74).
Shares of NEXT plc (LON NXT) traded down 3.02% on Friday, hitting GBX 3856.00. The company’s stock had a trading volume of 926,788 shares. NEXT plc has a 52 week low of GBX 3,770.32 and a 52 week high of GBX 5,705.00. The stock’s 50 day moving average price is GBX 4,240.34 and its 200 day moving average price is GBX 4,196.70. The stock’s market capitalization is GBX 5.50 billion.
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About NEXT plc
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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