NEXT plc (NXT) Stock Rating Reaffirmed by Deutsche Bank AG

NEXT plc (LON:NXT)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued on Tuesday, August 1st.

NXT has been the topic of a number of other reports. Barclays PLC restated an “underweight” rating and issued a GBX 3,900 ($50.79) price objective on shares of NEXT plc in a report on Friday, June 30th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 4,580 ($59.64) price objective on shares of NEXT plc in a report on Monday, May 8th. HSBC Holdings plc restated a “reduce” rating and issued a GBX 3,530 ($45.97) price objective on shares of NEXT plc in a report on Monday, April 24th. Shore Capital restated a “sell” rating on shares of NEXT plc in a report on Thursday, May 4th. Finally, Jefferies Group LLC upgraded shares of NEXT plc to a “hold” rating and lifted their price target for the stock from GBX 3,500 ($45.58) to GBX 3,850 ($50.14) in a research note on Thursday, July 27th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 4,531 ($59.01).

NEXT plc (LON NXT) opened at 4400.00 on Tuesday. NEXT plc has a 12-month low of GBX 3,565.00 and a 12-month high of GBX 5,705.00. The stock’s market capitalization is GBX 6.28 billion. The stock has a 50 day moving average price of GBX 3,935.49 and a 200-day moving average price of GBX 4,068.89.

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In other NEXT plc news, insider Caroline Goodall bought 450 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of GBX 4,294 ($55.92) per share, for a total transaction of £19,323 ($25,163.43). Also, insider Michael J. Roney bought 9,061 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of GBX 4,386 ($57.12) per share, with a total value of £397,415.46 ($517,535.43).

About NEXT plc

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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