NEXT plc (NXT) PT Raised to GBX 4,400 at Deutsche Bank AG
NEXT plc (LON:NXT) had its price target hoisted by stock analysts at Deutsche Bank AG from GBX 4,150 ($53.60) to GBX 4,400 ($56.83) in a note issued to investors on Friday, Marketbeat reports. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price target points to a potential downside of 12.78% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 4,580 ($59.15) target price on shares of NEXT plc in a research note on Friday, August 4th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 3,360 ($43.39) target price on shares of NEXT plc in a research note on Friday, July 21st. Peel Hunt reissued a “hold” rating and set a GBX 4,200 ($54.24) target price on shares of NEXT plc in a research note on Thursday, August 3rd. Jefferies Group LLC lifted their target price on shares of NEXT plc from GBX 4,600 ($59.41) to GBX 5,200 ($67.16) and gave the company a “hold” rating in a research note on Friday. Finally, Credit Suisse Group lowered shares of NEXT plc to an “underperform” rating and decreased their target price for the company from GBX 4,250 ($54.89) to GBX 4,000 ($51.66) in a research note on Thursday, June 15th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 4,489.10 ($57.98).
Shares of NEXT plc (LON:NXT) traded up 1.02% on Friday, hitting GBX 5045.00. The company had a trading volume of 1,306,682 shares. NEXT plc has a 12-month low of GBX 3,565.00 and a 12-month high of GBX 5,225.00. The company has a 50 day moving average of GBX 4,264.05 and a 200-day moving average of GBX 4,142.78. The company’s market cap is GBX 7.20 billion.
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In other news, insider Michael J. Roney bought 9,061 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of GBX 4,386 ($56.64) per share, for a total transaction of £397,415.46 ($513,257.73). Also, insider Caroline Goodall bought 450 shares of the company’s stock in a transaction that occurred 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).
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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