NEXT (LON:NXT)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research note issued on Wednesday. They currently have a GBX 4,700 ($66.00) target price on the stock. Deutsche Bank’s price target would indicate a potential downside of 6.69% from the stock’s current price.
A number of other research firms also recently issued reports on NXT. Morgan Stanley downgraded NEXT to an “underweight” rating and set a GBX 4,300 ($60.38) price target for the company. in a research report on Wednesday, October 11th. Royal Bank of Canada raised NEXT to an “outperform” rating and upped their target price for the stock from GBX 4,800 ($67.41) to GBX 5,500 ($77.24) in a research report on Thursday, January 25th. Barclays reaffirmed an “underweight” rating on shares of NEXT in a research report on Thursday, November 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 4,830 ($67.83) target price on shares of NEXT in a research report on Thursday, November 2nd. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 3,650 ($51.26) target price on shares of NEXT in a research report on Wednesday, November 1st. Thirteen investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 4,349 ($61.07).
NEXT (NXT) traded down GBX 17.16 ($0.24) during mid-day trading on Wednesday, reaching GBX 5,036.84 ($70.73). The company’s stock had a trading volume of 740,548 shares, compared to its average volume of 700,739. NEXT has a 1 year low of GBX 3,565 ($50.06) and a 1 year high of GBX 5,355 ($75.20). The stock has a market capitalization of $7,300.00 and a P/E ratio of 1,176.83.
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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