NEXT plc (NXT) Stock Rating Reaffirmed by Deutsche Bank AG
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.
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.
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