NEXT’s (NXT) Hold Rating Reiterated at Peel Hunt
NEXT (LON:NXT)‘s stock had its “hold” rating reiterated by research analysts at Peel Hunt in a research note issued to investors on Tuesday. They presently have a GBX 5,000 ($67.29) price target on the stock. Peel Hunt’s target price points to a potential upside of 11.53% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 4,000 ($53.84) target price on shares of NEXT in a report on Friday, September 1st. reaffirmed a “reduce” rating and issued a GBX 3,800 ($51.14) target price on shares of NEXT in a report on Thursday, November 2nd. reaffirmed a “reduce” rating and issued a GBX 3,800 ($51.14) target price on shares of NEXT in a report on Thursday, November 2nd. HSBC reaffirmed a “reduce” rating and issued a GBX 3,800 ($51.14) target price on shares of NEXT in a report on Thursday, November 2nd. Finally, Societe Generale upped their target price on shares of NEXT from GBX 4,129 ($55.57) to GBX 4,737 ($63.76) and gave the company a “hold” rating in a report on Friday, September 15th. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 4,370.04 ($58.82).
NEXT (NXT) traded up GBX 43 ($0.58) during midday trading on Tuesday, reaching GBX 4,483 ($60.34). 478,286 shares of the company’s stock traded hands, compared to its average volume of 661,832. NEXT has a one year low of GBX 3,565 ($47.98) and a one year high of GBX 5,355 ($72.07).
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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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