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).

TRADEMARK VIOLATION NOTICE: This news story was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://sportsperspectives.com/2017/12/20/next-nxt-rating-reiterated-by-berenberg-bank.html.

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)

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.

Latest News

Leave a Reply