NEXT plc (LON:NXT)‘s stock had its “reduce” rating reiterated by analysts at HSBC Holdings plc in a research note issued on Thursday. They currently have a GBX 3,800 ($50.15) price objective on the stock. HSBC Holdings plc’s price objective suggests a potential downside of 15.08% from the company’s current price.
A number of other equities analysts also recently weighed in on NXT. Barclays PLC restated an “underweight” rating on shares of NEXT plc in a report on Thursday. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 4,830 ($63.74) target price on shares of NEXT plc in a report on Thursday. Berenberg Bank restated a “sell” rating and set a GBX 3,650 ($48.17) target price on shares of NEXT plc in a report on Wednesday. Peel Hunt restated a “hold” rating and set a GBX 4,200 ($55.42) target price on shares of NEXT plc in a report on Thursday, August 3rd. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 4,400 ($58.06) target price on shares of NEXT plc in a report on Tuesday, October 24th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 4,491 ($59.26).
In other NEXT plc news, insider Caroline Goodall bought 450 shares of NEXT plc stock in a transaction dated Monday, August 7th. The stock was bought at an average price 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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