NEXT plc (NXT) Given Underweight Rating at Barclays PLC

NEXT plc (LON:NXT)‘s stock had its “underweight” rating reissued by equities researchers at Barclays PLC in a report released on Thursday.

Several other brokerages have also recently issued reports on NXT. HSBC Holdings plc reaffirmed a “reduce” rating and set a GBX 3,360 ($44.34) target price on shares of NEXT plc in a research report on Friday, July 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 4,580 ($60.44) target price on shares of NEXT plc in a research report on Friday, August 4th. Peel Hunt reaffirmed a “hold” rating and set a GBX 4,200 ($55.42) target price on shares of NEXT plc in a research report on Thursday, August 3rd. Jefferies Group LLC increased their price objective on NEXT plc from GBX 4,600 ($60.70) to GBX 5,200 ($68.62) and gave the company a “hold” rating in a report on Friday, September 15th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 4,400 ($58.06) price objective on shares of NEXT plc in a report on Monday, October 16th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 4,470.05 ($58.99).

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In other NEXT plc news, insider Caroline Goodall bought 450 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of GBX 4,294 ($56.66) per share, for a total transaction of £19,323 ($25,498.81).

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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