NEXT’s (NXT) “Buy” Rating Reiterated at Investec

NEXT (LON:NXT)‘s stock had its “buy” rating reissued by equities researchers at Investec in a note issued to investors on Wednesday, January 3rd. They presently have a GBX 4,940 ($66.99) price target on the stock. Investec’s price target would indicate a potential downside of 1.00% from the stock’s current price.

A number of other research firms also recently issued reports on NXT. restated a “reduce” rating and issued a GBX 3,800 ($51.53) target price on shares of NEXT in a report on Thursday, November 2nd. Jefferies Group boosted their price objective on shares of NEXT from GBX 4,600 ($62.38) to GBX 5,200 ($70.52) and gave the stock a “hold” rating in a research note on Friday, September 15th. Deutsche Bank reiterated a “hold” rating and set a GBX 4,400 ($59.67) price objective on shares of NEXT in a research note on Monday, October 16th. HSBC reiterated a “reduce” rating and set a GBX 3,800 ($51.53) price objective on shares of NEXT in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reiterated an “underperform” rating and set a GBX 4,200 ($56.96) price objective on shares of NEXT in a research note on Tuesday, November 21st. Thirteen investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 4,294.45 ($58.24).

Shares of NEXT (LON NXT) opened at GBX 4,990 ($67.67) on Wednesday. NEXT has a twelve month low of GBX 3,565 ($48.35) and a twelve month high of GBX 5,355 ($72.62). The stock has a market cap of $7,290.00 and a P/E ratio of 1,165.89.

In other NEXT news, insider Michael J. Roney purchased 405 shares of the business’s stock in a transaction 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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About NEXT

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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