Next (LON:NXT) Lowered to Sell at Citigroup

Next (LON:NXT) was downgraded by analysts at Citigroup to a “sell” rating in a note issued to investors on Friday, April 6th.

Other research analysts have also recently issued reports about the stock. Investec reaffirmed a “buy” rating and set a GBX 4,940 ($70.73) price target on shares of Next in a research report on Wednesday, January 3rd. Jefferies Group reaffirmed a “hold” rating and set a GBX 5,200 ($74.46) price target on shares of Next in a research report on Tuesday, January 2nd. Deutsche Bank reissued a “hold” rating and set a GBX 4,500 ($64.43) target price on shares of Next in a research report on Tuesday, January 2nd. Peel Hunt reissued a “hold” rating and set a GBX 5,000 ($71.59) target price on shares of Next in a research report on Wednesday, January 3rd. Finally, Numis Securities reissued a “hold” rating and set a GBX 5,100 ($73.02) target price on shares of Next in a research report on Thursday, January 4th. Thirteen analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Next presently has an average rating of “Hold” and an average target price of GBX 4,386.40 ($62.81).

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Shares of NXT stock opened at GBX 5,064 ($72.51) on Friday. Next has a 52-week low of GBX 3,565 ($51.05) and a 52-week high of GBX 5,355 ($76.68).

In other Next news, insider Michael J. Roney bought 1,263 shares of the stock in a transaction on Friday, April 6th. The stock was purchased at an average price of GBX 4,723 ($67.63) per share, for a total transaction of £59,651.49 ($85,411.64).

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Next Company Profile

NEXT plc engages in the retail of clothing, footwear, accessories, and home products for men, women, and children in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates a chain of approximately 540 stores under the name NEXT Retail in the United Kingdom and Eire.

Analyst Recommendations for Next (LON:NXT)

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