NEXT plc’s (NXT) “Reduce” Rating Reiterated at HSBC Holdings plc
NEXT plc (LON:NXT)‘s stock had its “reduce” rating reaffirmed by analysts at HSBC Holdings plc in a research note issued on Thursday. They presently have a GBX 3,800 ($50.15) price objective on the stock. HSBC Holdings plc’s target price suggests a potential downside of 15.31% from the stock’s previous close.
A number of other analysts also recently issued reports on NXT. Barclays PLC reaffirmed an “underweight” rating on shares of NEXT plc in a report on Thursday. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 4,830 ($63.74) price target on shares of NEXT plc in a report on Thursday. Berenberg Bank reaffirmed a “sell” rating and set a GBX 3,650 ($48.17) price target on shares of NEXT plc in a report on Wednesday. Peel Hunt reaffirmed a “hold” rating and set a GBX 4,200 ($55.42) price target on shares of NEXT plc in a report on Thursday, August 3rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 4,400 ($58.06) price target on shares of NEXT plc in a report on Tuesday, October 24th. Seven investment 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. The company has a consensus rating of “Hold” and a consensus target price of GBX 4,491 ($59.26).
In other news, insider Caroline Goodall bought 450 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of GBX 4,294 ($56.66) per share, for a total transaction of £19,323 ($25,498.81).
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.
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.