NEXT plc (NXT) Given Average Recommendation of “Hold” by Brokerages
Shares of NEXT plc (LON:NXT) have received a consensus rating of “Hold” from the twenty-four brokerages that are covering the stock, MarketBeat.com reports. Thirteen analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 4,313.24 ($58.49).
A number of equities research analysts recently commented on NXT shares. Investec reiterated a “buy” rating and issued a GBX 4,940 ($66.99) target price on shares of NEXT in a research report on Wednesday, January 3rd. Deutsche Bank restated a “hold” rating and issued a GBX 4,400 ($59.67) price objective on shares of NEXT in a research report on Monday, October 16th. Shore Capital restated a “hold” rating on shares of NEXT in a research report on Wednesday, November 1st. Peel Hunt restated a “hold” rating and issued a GBX 5,000 ($67.81) price objective on shares of NEXT in a research report on Wednesday, November 1st. Finally, Jefferies Group restated a “hold” rating and issued a GBX 5,200 ($70.52) price objective on shares of NEXT in a research report on Tuesday, January 2nd.
NEXT (NXT) opened at GBX 5,010 ($67.94) on Tuesday. The firm has a market cap of $7,290.00 and a P/E ratio of 1,170.56. NEXT has a 1 year low of GBX 3,565 ($48.35) and a 1 year high of GBX 5,355 ($72.62).
In other news, insider Michael J. Roney acquired 405 shares of NEXT stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of GBX 4,313 ($58.49) per share, with a total value of £17,467.65 ($23,688.16).
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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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