NEXT plc (NXT) Stock Rating Reaffirmed by Credit Suisse Group

NEXT plc (LON:NXT)‘s stock had its “underperform” rating reiterated by research analysts at Credit Suisse Group in a research report issued on Tuesday. They presently have a GBX 4,200 ($55.24) target price on the stock. Credit Suisse Group’s price objective points to a potential downside of 3.43% from the company’s current price.

A number of other research firms have also recently commented on NXT. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 4,580 ($60.24) target price on shares of NEXT plc in a research note on Friday, August 4th. Peel Hunt restated a “hold” rating and issued a GBX 4,200 ($55.24) target price on shares of NEXT plc in a research note on Thursday, August 3rd. restated a “reduce” rating and issued a GBX 3,800 ($49.98) target price on shares of NEXT plc in a research note on Thursday, November 2nd. Jefferies Group LLC raised their target price on NEXT plc from GBX 4,600 ($60.50) to GBX 5,200 ($68.39) and gave the company a “hold” rating in a research note on Friday, September 15th. Finally, Deutsche Bank AG restated a “hold” rating and issued a GBX 4,400 ($57.87) target price on shares of NEXT plc in a research note on Monday, October 16th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. NEXT plc has a consensus rating of “Hold” and an average price target of GBX 4,365.70 ($57.42).

NEXT plc (NXT) opened at GBX 4,349.20 ($57.20) on Tuesday. NEXT plc has a one year low of GBX 43.19 ($0.57) and a one year high of GBX 5,355 ($70.43).

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In other news, insider Michael J. Roney acquired 405 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of GBX 4,313 ($56.73) per share, with a total value of £17,467.65 ($22,974.68).

NEXT plc 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 plc (LON:NXT)

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