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.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/16/next-plc-nxt-given-new-gbx-4830-price-target-at-j-p-morgan-chase-co.html.

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.

Analyst Recommendations for NEXT plc (LON:NXT)

Receive News & Ratings for NEXT plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT plc and related companies with MarketBeat.com's FREE daily email newsletter.