NEXT plc’s (NXT) “Hold” Rating Reiterated at Peel Hunt
NEXT plc (LON:NXT)‘s stock had its “hold” rating restated by stock analysts at Peel Hunt in a research report issued on Thursday. They currently have a GBX 4,200 ($54.24) price objective on the stock. Peel Hunt’s target price would indicate a potential downside of 16.75% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Credit Suisse Group restated an “underperform” rating and issued a GBX 4,000 ($51.66) target price on shares of NEXT plc in a research note on Friday, September 1st. HSBC Holdings plc lowered their target price on shares of NEXT plc from GBX 3,530 ($45.59) to GBX 3,360 ($43.39) and set a “reduce” rating for the company in a research note on Wednesday, May 17th. Barclays PLC reiterated an “underweight” rating and set a GBX 3,900 ($50.37) price objective on shares of NEXT plc in a research note on Friday, June 30th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 4,580 ($59.15) price objective on shares of NEXT plc in a research note on Friday, August 4th. Finally, Shore Capital reiterated a “hold” rating on shares of NEXT plc in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 4,489.10 ($57.98).
NEXT plc (LON:NXT) traded up 1.02% during trading on Thursday, reaching GBX 5045.00. The company had a trading volume of 1,306,682 shares. The stock has a 50 day moving average of GBX 4,264.05 and a 200-day moving average of GBX 4,142.78. The stock’s market capitalization 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.
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In other news, insider Caroline Goodall acquired 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 acquired 9,061 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased 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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