NEXT (NXT) Rating Reiterated by Berenberg Bank

NEXT (LON:NXT)‘s stock had its “sell” rating restated by analysts at Berenberg Bank in a report released on Monday. They presently have a GBX 3,650 ($49.13) price objective on the stock. Berenberg Bank’s price target points to a potential downside of 13.87% from the stock’s current price.

A number of other research firms have also issued reports on NXT. Morgan Stanley lowered NEXT to an “underweight” rating and set a GBX 4,300 ($57.87) target price on the stock. in a report on Wednesday, October 11th. Barclays reaffirmed an “underweight” rating and set a GBX 3,900 ($52.49) target price on shares of NEXT in a report on Friday, September 22nd. Credit Suisse Group lifted their target price on NEXT from GBX 4,000 ($53.84) to GBX 4,200 ($56.53) and gave the stock an “underperform” rating in a report on Friday, September 15th. Numis Securities reaffirmed a “hold” rating and set a GBX 5,100 ($68.64) target price on shares of NEXT in a report on Friday, September 15th. Finally, Deutsche Bank lifted their target price on NEXT from GBX 4,150 ($55.85) to GBX 4,400 ($59.22) and gave the stock a “hold” rating in a report on Friday, September 15th. Ten research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 4,370.04 ($58.82).

Shares of NEXT (NXT) opened at GBX 4,238 ($57.04) on Monday. NEXT has a one year low of GBX 3,565 ($47.98) and a one year high of GBX 5,355 ($72.07).

In related news, insider Michael J. Roney purchased 405 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of GBX 4,313 ($58.05) per share, with a total value of £17,467.65 ($23,509.62).

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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.

Analyst Recommendations for NEXT (LON:NXT)

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