NEXT (LON:NXT)‘s stock had its “hold” rating restated by equities research analysts at Numis Securities in a report released on Thursday, January 4th. They presently have a GBX 5,100 ($69.16) price target on the stock. Numis Securities’ target price suggests a potential upside of 2.20% from the stock’s previous close.
NXT has been the subject of several other reports. Goldman Sachs Group reiterated a “sell” rating and set a GBX 4,240 ($57.50) price objective on shares of NEXT in a research note on Thursday, January 4th. 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. 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. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 4,500 ($61.03) target price on shares of NEXT in a research report on Wednesday, January 3rd. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 4,400 ($59.67) target price on shares of NEXT in a research report on Monday, October 16th. 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 Thursday. 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 related news, insider Michael J. Roney bought 405 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of GBX 4,313 ($58.49) per share, for a total transaction of £17,467.65 ($23,688.16).
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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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