NEXT plc (LON:NXT)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They currently have a GBX 4,400 ($58.06) target price on the stock. Deutsche Bank AG’s price objective would indicate a potential downside of 9.78% from the company’s previous close.

A number of other brokerages also recently issued reports on NXT. Morgan Stanley downgraded NEXT plc to an “underweight” rating and set a GBX 4,300 ($56.74) price target on the stock. in a research report on Wednesday, October 11th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 3,900 ($51.46) price target on shares of NEXT plc in a research report on Friday, September 22nd. Berenberg Bank reaffirmed a “sell” rating and set a GBX 3,650 ($48.17) price target on shares of NEXT plc in a research report on Thursday, September 14th. J P Morgan Chase & Co upped their price target on NEXT plc from GBX 4,580 ($60.44) to GBX 4,830 ($63.74) and gave the stock a “neutral” rating in a research report on Friday, September 15th. Finally, Jefferies Group LLC upped their price target on NEXT plc from GBX 4,600 ($60.70) to GBX 5,200 ($68.62) and gave the stock a “hold” rating in a research report on Friday, September 15th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. NEXT plc has an average rating of “Hold” and a consensus price target of GBX 4,431.95 ($58.48).

Shares of NEXT plc (NXT) opened at 4892.00 on Tuesday. The firm’s 50-day moving average price is GBX 4,916.08 and its 200 day moving average price is GBX 4,338.20. The stock’s market capitalization is GBX 6.97 billion. NEXT plc has a 52 week low of GBX 3,565.00 and a 52 week high of GBX 5,355.00.

COPYRIGHT VIOLATION WARNING: “NEXT plc (NXT) Stock Rating Reaffirmed by Deutsche Bank AG” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/24/next-plc-nxt-stock-rating-reaffirmed-by-deutsche-bank-ag.html.

In other NEXT plc news, insider Michael J. Roney purchased 9,061 shares of the stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of GBX 4,386 ($57.88) per share, with a total value of £397,415.46 ($524,433.17). Also, insider Caroline Goodall purchased 450 shares of the stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of GBX 4,294 ($56.66) per share, for a total transaction of £19,323 ($25,498.81).

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.

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.