NEXT plc (NXT) Given New GBX 4,737 Price Target at Societe Generale
NEXT plc (LON:NXT) had its target price increased by research analysts at Societe Generale from GBX 4,129 ($53.33) to GBX 4,737 ($61.18) in a note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Societe Generale’s target price would indicate a potential downside of 6.11% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Credit Suisse Group downgraded NEXT plc to an “underperform” rating and lowered their price target for the stock from GBX 4,250 ($54.89) to GBX 4,000 ($51.66) in a research report on Thursday, June 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 4,250 ($54.89) price target on shares of NEXT plc in a research report on Tuesday, June 20th. Barclays PLC reiterated an “underweight” rating and set a GBX 3,900 ($50.37) price target on shares of NEXT plc in a research report on Friday, June 30th. HSBC Holdings plc reiterated a “reduce” rating and set a GBX 3,360 ($43.39) price target on shares of NEXT plc in a research report on Wednesday, June 7th. Finally, Jefferies Group LLC upgraded NEXT plc to a “hold” rating and increased their price target for the stock from GBX 3,500 ($45.20) to GBX 3,850 ($49.72) in a research report on Thursday, July 27th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,489.10 ($57.98).
NEXT plc (LON:NXT) traded up 1.02% on Friday, hitting GBX 5045.00. The stock had a trading volume of 1,306,682 shares. The stock’s market cap is GBX 7.20 billion. NEXT plc has a 12 month low of GBX 3,565.00 and a 12 month high of GBX 5,225.00. The company’s 50 day moving average is GBX 4,264.05 and its 200-day moving average is GBX 4,142.78.
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In other NEXT plc news, insider Caroline Goodall bought 450 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of GBX 4,294 ($55.46) per share, with a total value of £19,323 ($24,955.44). Also, insider Michael J. Roney bought 9,061 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost 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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