NEXT plc (NXT) Stock Rating Reaffirmed by Berenberg Bank

NEXT plc (LON:NXT)‘s stock had its “sell” rating restated by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday. They presently have a GBX 3,650 ($48.17) price target on the stock. Berenberg Bank’s price objective points to a potential downside of 25.83% from the stock’s current price.

A number of other equities research analysts have also recently commented on NXT. Barclays PLC reiterated an “underweight” rating on shares of NEXT plc in a research note on Thursday. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 4,830 ($63.74) price target on shares of NEXT plc in a research note on Thursday. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 4,400 ($58.06) price target on shares of NEXT plc in a research note on Tuesday, October 24th. Peel Hunt reiterated a “hold” rating and issued a GBX 4,200 ($55.42) price target on shares of NEXT plc in a research note on Thursday, August 3rd. Finally, Shore Capital reiterated a “hold” rating on shares of NEXT plc in a research note on Wednesday. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. NEXT plc presently has a consensus rating of “Hold” and a consensus price target of GBX 4,470.05 ($58.99).

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In related news, insider Caroline Goodall bought 450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of GBX 4,294 ($56.66) per share, with a total value 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.

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