The NEXT plc (NXT) Receives Average Recommendation of “Hold” from Analysts

The NEXT plc (NXT) Receives Average Recommendation of “Hold” from Analysts

Several brokerages recently issued reports on NXT. Deutsche Bank AG reissued a “hold” rating and set a GBX 4,250 ($55.37) target price on shares of NEXT plc in a research note on Tuesday, July 18th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 3,360 ($43.77) target price on shares of NEXT plc in a research note on Friday. Credit Suisse Group increased their target price on shares of NEXT plc from GBX 4,100 ($53.41) to GBX 4,250 ($55.37) and gave the stock a “neutral” rating in a research note on Friday, March 31st. Jefferies Group LLC lowered shares of NEXT plc to an “underperform” rating and set a GBX 3,500 ($45.60) target price on the stock. in a research note on Wednesday, April 26th. Finally, Barclays PLC began coverage on shares of NEXT plc in a research note on Thursday, March 30th. They set an “underweight” rating and a GBX 3,900 ($50.81) target price on the stock.

NEXT plc (LON:NXT) has been assigned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 4,481 ($58.38).

Shares of NEXT plc (NXT) opened at 3730.00 on Tuesday. NEXT plc has a one year low of GBX 3,565.00 and a one year high of GBX 5,705.00. The firm’s market capitalization is GBX 5.32 billion. The company’s 50 day moving average is GBX 3,985.96 and its 200-day moving average is GBX 4,058.85.

NEXT plc Company Profile

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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