Deutsche Bank AG Reiterates “Hold” Rating for NEXT plc (NXT)

NEXT plc (LON:NXT)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank AG in a note issued to investors on Tuesday. They currently have a GBX 4,400 ($57.87) price target on the stock. Deutsche Bank AG’s target price suggests a potential upside of 0.66% from the company’s previous close.

NXT has been the topic of several other reports. Barclays PLC reissued an “underweight” rating and issued a GBX 3,900 ($51.30) price objective on shares of NEXT plc in a research report on Tuesday, August 1st. Morgan Stanley lowered shares of NEXT plc to an “underweight” rating and set a GBX 4,300 ($56.56) price objective on the stock. in a research report on Wednesday, October 11th. reissued a “reduce” rating and issued a GBX 3,800 ($49.98) price objective on shares of NEXT plc in a research report on Thursday, November 2nd. Jefferies Group LLC raised shares of NEXT plc to a “hold” rating and increased their price objective for the company from GBX 3,500 ($46.03) to GBX 3,850 ($50.64) in a research report on Thursday, July 27th. Finally, Credit Suisse Group upped their price target on shares of NEXT plc from GBX 4,000 ($52.61) to GBX 4,200 ($55.24) and gave the company an “underperform” rating in a research note on Friday, September 15th. Ten investment analysts have rated the stock with a sell rating, eleven have assigned 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 a consensus price target of GBX 4,365.70 ($57.42).

NEXT plc (NXT) opened at GBX 4,371 ($57.49) on Tuesday. NEXT plc has a 1 year low of GBX 43.19 ($0.57) and a 1 year high of GBX 5,355 ($70.43).

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In related news, insider Michael J. Roney purchased 405 shares of NEXT plc stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of GBX 4,313 ($56.73) per share, for a total transaction of £17,467.65 ($22,974.68).

About NEXT plc

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 plc (LON:NXT)

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