NEXT (NXT) Stock Rating Reaffirmed by Deutsche Bank

NEXT (LON:NXT)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research note issued on Friday. They presently have a GBX 4,500 ($61.03) price target on the stock. Deutsche Bank’s price target would suggest a potential downside of 8.13% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. HSBC reaffirmed a “reduce” rating and set a GBX 3,800 ($51.53) price objective on shares of NEXT in a research report on Thursday, November 2nd. reaffirmed a “reduce” rating and issued a GBX 3,800 ($51.53) price target on shares of NEXT in a research note on Thursday, November 2nd. reissued a “reduce” rating and set a GBX 3,800 ($51.53) target price on shares of NEXT in a research note on Thursday, November 2nd. Barclays reaffirmed an “underweight” rating and issued a GBX 3,900 ($52.89) price objective on shares of NEXT in a research note on Friday, September 22nd. Finally, Numis Securities reiterated a “hold” rating and issued a GBX 5,100 ($69.16) target price on shares of NEXT in a report on Thursday, January 4th. Thirteen equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,294.45 ($58.24).

Shares of NEXT (LON NXT) traded down GBX 82 ($1.11) on Friday, reaching GBX 4,898 ($66.42). 1,270,901 shares of the company were exchanged, compared to its average volume of 651,202. The firm has a market capitalization of $7,130.00 and a P/E ratio of 1,144.39. NEXT has a fifty-two week low of GBX 3,565 ($48.35) and a fifty-two week high of GBX 5,355 ($72.62).

In other news, insider Michael J. Roney purchased 405 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought 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 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.

Analyst Recommendations for NEXT (LON:NXT)

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