NEXT’s (NXT) “Sell” Rating Reaffirmed at Berenberg Bank
Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group reiterated an underperform rating and issued a GBX 4,000 ($53.84) target price on shares of NEXT in a research report on Friday, September 1st. reiterated a reduce rating and issued a GBX 3,800 ($51.14) target price on shares of NEXT in a research report on Thursday, November 2nd. reiterated a reduce rating and issued a GBX 3,800 ($51.14) target price on shares of NEXT in a research report on Thursday, November 2nd. HSBC restated a reduce rating and set a GBX 3,800 ($51.14) price target on shares of NEXT in a report on Thursday, November 2nd. Finally, Deutsche Bank restated a hold rating and set a GBX 4,500 ($60.57) price target on shares of NEXT in a report on Tuesday. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 4,370.04 ($58.82).
NEXT (LON NXT) traded up GBX 23 ($0.31) during mid-day trading on Monday, reaching GBX 4,253 ($57.24). 286,327 shares of the company’s stock were exchanged, compared to its average volume of 523,940. NEXT has a 12 month low of GBX 3,565 ($47.98) and a 12 month high of GBX 5,355 ($72.07).
In related news, insider Michael J. Roney purchased 405 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of GBX 4,313 ($58.05) per share, for a total transaction of £17,467.65 ($23,509.62).
NEXT 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.
Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with MarketBeat.com's FREE daily email newsletter.