NEXT plc (LON:NXT)‘s stock had its “sell” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday. They currently have a GBX 3,650 ($48.17) price target on the stock. Berenberg Bank’s target price would suggest a potential downside of 25.83% from the company’s current price.

A number of other equities research analysts have also recently issued reports on NXT. Deutsche Bank AG restated a “hold” rating and issued a GBX 4,250 ($56.08) price objective on shares of NEXT plc in a research note on Tuesday, July 18th. HSBC Holdings plc restated a “reduce” rating and issued a GBX 3,360 ($44.34) price objective on shares of NEXT plc in a research note on Friday, July 21st. Jefferies Group LLC upgraded NEXT plc to a “hold” rating and boosted their price objective for the company from GBX 3,500 ($46.19) to GBX 3,850 ($50.80) in a research note on Thursday, July 27th. Barclays PLC restated an “underweight” rating and issued a GBX 3,900 ($51.46) price objective on shares of NEXT plc in a research note on Tuesday, August 1st. Finally, Peel Hunt restated a “hold” rating and issued a GBX 4,200 ($55.42) price objective on shares of NEXT plc in a research note on Thursday, August 3rd. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 4,470.05 ($58.99).

WARNING: “NEXT plc (NXT) Given “Sell” Rating at Berenberg Bank” was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/next-plc-nxt-given-sell-rating-at-berenberg-bank.html.

In related news, insider Caroline Goodall purchased 450 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were purchased 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.