NEXT plc (NXT) Given New GBX 4,830 Price Target at J P Morgan Chase & Co
NEXT plc (LON:NXT) had its target price boosted by investment analysts at J P Morgan Chase & Co from GBX 4,580 ($59.15) to GBX 4,830 ($62.38) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target would indicate a potential downside of 4.26% from the stock’s previous close.
NXT has been the subject of several other research reports. Barclays PLC restated an “underweight” rating and set a GBX 3,900 ($50.37) target price on shares of NEXT plc in a report on Tuesday, August 1st. Deutsche Bank AG restated a “hold” rating on shares of NEXT plc in a report on Tuesday, August 1st. HSBC Holdings plc restated a “reduce” rating and set a GBX 3,360 ($43.39) target price on shares of NEXT plc in a report on Friday, June 30th. Jefferies Group LLC upgraded shares of NEXT plc to a “hold” rating and increased their target price for the stock from GBX 3,500 ($45.20) to GBX 3,850 ($49.72) in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 4,250 ($54.89) target price on shares of NEXT plc in a report on Tuesday, June 20th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. NEXT plc presently has an average rating of “Hold” and a consensus price target of GBX 4,489.10 ($57.98).
NEXT plc (LON NXT) traded up 1.02% during midday trading on Friday, hitting GBX 5045.00. 1,306,682 shares of the company traded hands. NEXT plc has a 12-month low of GBX 3,565.00 and a 12-month high of GBX 5,225.00. The stock’s 50-day moving average is GBX 4,264.05 and its 200-day moving average is GBX 4,142.78. The firm’s market capitalization is GBX 7.20 billion.
In related news, insider Michael J. Roney acquired 9,061 shares of the company’s 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 the company’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of GBX 4,294 ($55.46) per share, for a total transaction of £19,323 ($24,955.44).
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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