Shares of NEXT plc (LON:NXT) have earned a consensus rating of “Hold” from the twenty-four analysts that are covering the stock, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 4,370.38 ($61.28).
NXT has been the subject of several recent analyst reports. Deutsche Bank raised their target price on shares of NEXT from GBX 4,400 ($61.69) to GBX 4,500 ($63.10) and gave the company a “hold” rating in a research note on Friday, December 8th. Peel Hunt restated a “hold” rating and issued a GBX 5,000 ($70.11) target price on shares of NEXT in a research note on Wednesday, November 1st. Investec restated a “buy” rating and issued a GBX 4,940 ($69.27) target price on shares of NEXT in a research note on Wednesday, January 3rd. restated a “reduce” rating and issued a GBX 3,800 ($53.28) target price on shares of NEXT in a research note on Thursday, November 2nd. Finally, Berenberg Bank restated a “sell” rating and issued a GBX 3,650 ($51.18) target price on shares of NEXT in a research note on Monday, December 18th.
Shares of NEXT (LON NXT) opened at GBX 4,722 ($66.21) on Friday. The firm has a market cap of $6,830.00 and a P/E ratio of 1,103.27. NEXT has a one year low of GBX 3,565 ($49.99) and a one year high of GBX 5,355 ($75.08).
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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