NEXT plc’s (NXT) “Hold” Rating Reiterated at Shore Capital
NEXT plc (LON:NXT)‘s stock had its “hold” rating reaffirmed by investment analysts at Shore Capital in a report issued on Thursday.
Several other research firms also recently commented on NXT. HSBC Holdings plc reissued a “reduce” rating and issued a GBX 3,360 ($43.39) price objective on shares of NEXT plc in a report on Friday, July 21st. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 4,580 ($59.15) price objective on shares of NEXT plc in a report on Friday, August 4th. Peel Hunt reissued a “hold” rating and issued a GBX 4,200 ($54.24) price objective on shares of NEXT plc in a report on Thursday, August 3rd. Credit Suisse Group downgraded NEXT plc to an “underperform” rating and cut their price objective for the company from GBX 4,250 ($54.89) to GBX 4,000 ($51.66) in a report on Thursday, June 15th. Finally, Deutsche Bank AG cut their price objective on NEXT plc from GBX 4,650 ($60.05) to GBX 4,250 ($54.89) and set a “hold” rating for the company in a report on Friday, June 30th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 4,489.10 ($57.98).
Shares of NEXT plc (NXT) traded up 1.02% during mid-day trading on Thursday, hitting GBX 5045.00. 1,306,682 shares of the stock were exchanged. The company’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. The firm has a 50-day moving average price of GBX 4,264.05 and a 200 day moving average price of GBX 4,142.78.
In related news, insider Michael J. Roney purchased 9,061 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought 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 purchased 450 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was bought 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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