NEXT plc (NXT) Price Target Raised to GBX 5,200 at Jefferies Group LLC
NEXT plc (LON:NXT) had its price target lifted by stock analysts at Jefferies Group LLC from GBX 4,600 ($59.41) to GBX 5,200 ($67.16) in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 3.07% from the company’s current price.
A number of other research firms have also recently weighed in on NXT. HSBC Holdings plc reaffirmed a “reduce” rating and set a GBX 3,360 ($43.39) price objective on shares of NEXT plc in a research report on Friday, July 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 4,580 ($59.15) price objective on shares of NEXT plc in a research report on Friday, August 4th. Peel Hunt reaffirmed a “hold” rating and set a GBX 4,200 ($54.24) price objective on shares of NEXT plc in a research report on Thursday, August 3rd. Credit Suisse Group cut NEXT plc to an “underperform” rating and lowered their price objective for the company from GBX 4,250 ($54.89) to GBX 4,000 ($51.66) in a research report on Thursday, June 15th. Finally, Deutsche Bank AG lowered their price objective on NEXT plc from GBX 4,650 ($60.05) to GBX 4,250 ($54.89) and set a “hold” rating on the stock in a research report on Friday, June 30th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. NEXT plc currently has an average rating of “Hold” and an average target price of GBX 4,489.10 ($57.98).
NEXT plc (NXT) traded up 1.02% during midday trading on Friday, hitting GBX 5045.00. 1,306,682 shares of the company were exchanged. NEXT plc has a one year low of GBX 3,565.00 and a one year high of GBX 5,225.00. The firm’s 50-day moving average price is GBX 4,264.05 and its 200-day moving average price is GBX 4,142.78. The stock’s market capitalization is GBX 7.20 billion.
In related news, insider Caroline Goodall bought 450 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were purchased 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 dated Thursday, August 3rd. The shares were bought at an average cost of GBX 4,386 ($56.64) per share, for a total transaction of £397,415.46 ($513,257.73).
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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