NEXT plc (LON:NXT) Stock Rating Reaffirmed by HSBC Holdings plc
NEXT plc (LON:NXT)‘s stock had its “reduce” rating reiterated by research analysts at HSBC Holdings plc in a research note issued to investors on Friday. They currently have a GBX 3,360 ($43.88) price objective on the stock. HSBC Holdings plc’s price objective would indicate a potential downside of 12.20% from the stock’s current price.
Other analysts also recently issued research reports about the stock. UBS AG reduced their price target on shares of NEXT plc from GBX 5,275 ($68.88) to GBX 4,900 ($63.99) and set a “buy” rating on the stock in a report on Friday, March 24th. Investec raised shares of NEXT plc to a “buy” rating and upped their price target for the company from GBX 3,900 ($50.93) to GBX 4,750 ($62.03) in a report on Wednesday, May 10th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 4,500 ($58.76) price target on shares of NEXT plc in a report on Friday, March 24th. Deutsche Bank AG reaffirmed a “hold” rating on shares of NEXT plc in a report on Thursday, April 27th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 4,200 ($54.84) price target on shares of NEXT plc in a report on Thursday, March 23rd. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 4,481 ($58.51).
NEXT plc (NXT) traded up 1.16% on Friday, reaching GBX 3827.00. 702,812 shares of the company’s stock were exchanged. NEXT plc has a 12-month low of GBX 3,565.00 and a 12-month high of GBX 5,705.00. The firm has a 50 day moving average of GBX 3,985.96 and a 200-day moving average of GBX 4,073.12. The company’s market cap is GBX 5.46 billion.
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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