NEXT plc’s (NXT) Reduce Rating Reiterated at HSBC Holdings plc

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).

COPYRIGHT VIOLATION NOTICE: “NEXT plc’s (NXT) Reduce Rating Reiterated at HSBC Holdings plc” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.com-unik.info/2017/11/03/next-plcs-nxt-reduce-rating-reiterated-at-hsbc-holdings-plc.html.

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.

Analyst Recommendations for NEXT plc (LON:NXT)

What are top analysts saying about NEXT plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NEXT plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit