NEXT plc’s (NXT) Hold Rating Reaffirmed at Numis Securities Ltd
NEXT plc (LON:NXT)‘s stock had its “hold” rating reiterated by equities research analysts at Numis Securities Ltd in a research report issued on Friday. They currently have a GBX 5,100 ($65.87) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 2.12% from the stock’s previous close.
Several other research analysts have also recently weighed in on the stock. Credit Suisse Group cut shares of NEXT plc to an “underperform” rating and reduced their price target for the company from GBX 4,250 ($54.89) to GBX 4,000 ($51.66) in a report on Thursday, June 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 4,250 ($54.89) price target on shares of NEXT plc in a report on Tuesday, June 20th. Barclays PLC reiterated an “underweight” rating and issued a GBX 3,900 ($50.37) price target on shares of NEXT plc in a report on Friday, June 30th. HSBC Holdings plc reiterated a “reduce” rating and issued a GBX 3,360 ($43.39) price target on shares of NEXT plc in a report on Wednesday, June 7th. Finally, Jefferies Group LLC upgraded shares of NEXT plc to a “hold” rating and upped their price target for the company from GBX 3,500 ($45.20) to GBX 3,850 ($49.72) in a report on Thursday, July 27th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. NEXT plc has an average rating of “Hold” and an average price target of GBX 4,496.24 ($58.07).
Shares of NEXT plc (LON:NXT) traded up 0.82% during midday trading on Friday, hitting GBX 5035.00. 748,908 shares of the company’s stock were exchanged. The firm’s market cap is GBX 7.18 billion. NEXT plc has a 52 week low of GBX 3,565.00 and a 52 week high of GBX 5,225.00. The company has a 50-day moving average of GBX 4,229.86 and a 200-day moving average of GBX 4,136.47.
In other news, insider Caroline Goodall purchased 450 shares of the business’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of GBX 4,294 ($55.46) per share, for a total transaction of £19,323 ($24,955.44). Also, insider Michael J. Roney purchased 9,061 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73).
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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