NEXT (NXT) Receives “Hold” Rating from Jefferies Group
NEXT (LON:NXT)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a research note issued on Tuesday. They presently have a GBX 5,200 ($69.53) price target on the stock. Jefferies Group’s target price indicates a potential upside of 15.81% from the stock’s current price.
NXT has been the topic of several other research reports. Deutsche Bank lifted their price target on NEXT from GBX 4,400 ($58.83) to GBX 4,500 ($60.17) and gave the stock a “hold” rating in a report on Friday, December 8th. Shore Capital reiterated a “hold” rating on shares of NEXT in a report on Wednesday, November 1st. Whitman Howard reiterated a “sell” rating and set a GBX 3,700 ($49.47) price target on shares of NEXT in a report on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 4,830 ($64.58) price target on shares of NEXT in a report on Thursday, November 2nd. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 5,000 ($66.85) price target on shares of NEXT in a report on Wednesday, November 1st. Eleven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 4,342.13 ($58.06).
NEXT (NXT) opened at GBX 4,490 ($60.03) on Tuesday. NEXT has a fifty-two week low of GBX 3,565 ($47.67) and a fifty-two week high of GBX 5,355 ($71.60). The firm has a market capitalization of $6,610.00 and a price-to-earnings ratio of 1,049.07.
NEXT 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.
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