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).
ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2018/01/13/investec-reaffirms-buy-rating-for-next-nxt.html.
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.
Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with MarketBeat.com's FREE daily email newsletter.