NEXT plc (LON:NXT) had its price target increased by research analysts at Jefferies Group LLC from GBX 4,600 ($59.41) to GBX 5,200 ($67.16) in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 3.07% from the company’s previous close.
NXT has been the subject of a number of other research reports. Barclays PLC reiterated an “underweight” rating and issued a GBX 3,900 ($50.37) price objective on shares of NEXT plc in a report on Tuesday, August 1st. Deutsche Bank AG reiterated a “hold” rating on shares of NEXT plc in a report on Tuesday, August 1st. HSBC Holdings plc reiterated a “reduce” rating and issued a GBX 3,360 ($43.39) price objective on shares of NEXT plc in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 4,250 ($54.89) price objective on shares of NEXT plc in a report on Tuesday, June 20th. Finally, Investec reiterated a “buy” rating and issued a GBX 4,750 ($61.35) price objective on shares of NEXT plc in a report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. NEXT plc currently has an average rating of “Hold” and an average target price of GBX 4,438.55 ($57.32).
Shares of NEXT plc (LON NXT) opened at 5045.00 on Friday. NEXT plc has a 52-week low of GBX 3,565.00 and a 52-week high of GBX 5,225.00. The company has a 50-day moving average of GBX 4,264.05 and a 200 day moving average of GBX 4,142.78. The firm’s market cap is GBX 7.20 billion.
In other news, insider Michael J. Roney bought 9,061 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73). Also, insider Caroline Goodall bought 450 shares of the company’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of GBX 4,294 ($55.46) per share, for a total transaction of £19,323 ($24,955.44).
NEXT plc 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.
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