NEXT plc (NXT) Receives Average Recommendation of “Hold” from Analysts
NEXT plc (LON:NXT) has been assigned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 4,481 ($58.38).
Several brokerages recently issued reports on NXT. Deutsche Bank AG reissued a “hold” rating and set a GBX 4,250 ($55.37) target price on shares of NEXT plc in a research note on Tuesday, July 18th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 3,360 ($43.77) target price on shares of NEXT plc in a research note on Friday. Credit Suisse Group increased their target price on shares of NEXT plc from GBX 4,100 ($53.41) to GBX 4,250 ($55.37) and gave the stock a “neutral” rating in a research note on Friday, March 31st. Jefferies Group LLC lowered shares of NEXT plc to an “underperform” rating and set a GBX 3,500 ($45.60) target price on the stock. in a research note on Wednesday, April 26th. Finally, Barclays PLC began coverage on shares of NEXT plc in a research note on Thursday, March 30th. They set an “underweight” rating and a GBX 3,900 ($50.81) target price on the stock.
Shares of NEXT plc (NXT) opened at 3730.00 on Tuesday. NEXT plc has a one year low of GBX 3,565.00 and a one year high of GBX 5,705.00. The firm’s market capitalization is GBX 5.32 billion. The company’s 50 day moving average is GBX 3,985.96 and its 200-day moving average is GBX 4,058.85.
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NEXT plc Company Profile
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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