Deutsche Bank AG Trims NEXT plc (NXT) Target Price to GBX 4,150
NEXT plc (LON:NXT) had its target price reduced by equities researchers at Deutsche Bank AG from GBX 4,250 ($54.89) to GBX 4,150 ($53.60) in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 4.69% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Barclays PLC reaffirmed an “underweight” rating and set a GBX 3,900 ($50.37) price target on shares of NEXT plc in a report on Friday, June 30th. Jefferies Group LLC lifted their price target on shares of NEXT plc from GBX 3,850 ($49.72) to GBX 4,600 ($59.41) and gave the company an “underperform” rating in a report on Friday, August 11th. Shore Capital reaffirmed a “sell” rating on shares of NEXT plc in a report on Monday, May 15th. HSBC Holdings plc decreased their price target on shares of NEXT plc from GBX 3,530 ($45.59) to GBX 3,360 ($43.39) and set a “reduce” rating on the stock in a report on Wednesday, May 17th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 4,000 ($51.66) price target on shares of NEXT plc in a report on Friday, September 1st. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 4,480.10 ($57.86).
NEXT plc (LON NXT) traded down 0.55% during mid-day trading on Friday, hitting GBX 4354.00. 568,031 shares of the stock traded hands. The company has a 50 day moving average price of GBX 4,146.11 and a 200-day moving average price of GBX 4,114.09. The stock’s market capitalization is GBX 6.21 billion. NEXT plc has a one year low of GBX 3,565.00 and a one year high of GBX 5,600.00.
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In other news, insider Michael J. Roney acquired 9,061 shares of NEXT plc stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73). Also, insider Caroline Goodall acquired 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of GBX 4,294 ($55.46) per share, for a total transaction of £19,323 ($24,955.44).
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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