NEXT plc (NXT) Stock Rating Reaffirmed by Barclays PLC
NEXT plc (LON:NXT)‘s stock had its “underweight” rating restated by equities research analysts at Barclays PLC in a research note issued to investors on Thursday.
Several other research analysts also recently issued reports on NXT. Shore Capital reaffirmed a “sell” rating on shares of NEXT plc in a research note on Thursday, May 4th. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 3,714 ($48.03) price target on shares of NEXT plc in a research note on Thursday, May 4th. Deutsche Bank AG cut their price target on NEXT plc from GBX 4,750 ($61.43) to GBX 4,650 ($60.14) and set a “hold” rating for the company in a research note on Friday, May 5th. Jefferies Group LLC reaffirmed an “underperform” rating and set a GBX 3,500 ($45.27) price target on shares of NEXT plc in a research note on Friday, May 5th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 4,580 ($59.23) price target on shares of NEXT plc in a research note on Monday, May 8th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 4,484.86 ($58.00).
NEXT plc (NXT) opened at 4046.00 on Thursday. The stock’s market capitalization is GBX 5.77 billion. NEXT plc has a 1-year low of GBX 3,565.00 and a 1-year high of GBX 5,705.00. The company’s 50-day moving average is GBX 4,011.17 and its 200 day moving average is GBX 4,093.03.
In other news, insider Caroline Goodall acquired 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of GBX 4,294 ($55.54) per share, with a total value of £19,323 ($24,990.95). Also, insider Michael J. Roney acquired 9,061 shares of NEXT plc stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of GBX 4,386 ($56.73) per share, for a total transaction of £397,415.46 ($513,987.92).
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.
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