NEXT plc (LON:NXT)’s share price traded down 0% during trading on Thursday . The stock traded as low as GBX 4,943 ($67.03) and last traded at GBX 4,963 ($67.30). 920,542 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 631,604 shares. The stock had previously closed at GBX 4,963 ($67.30).
Several equities analysts recently commented on the company. Credit Suisse Group increased their target price on NEXT from GBX 4,200 ($56.96) to GBX 4,350 ($58.99) and gave the company an “underperform” rating in a report on Thursday, January 4th. Canaccord Genuity increased their target price on NEXT from GBX 3,714 ($50.37) to GBX 3,731 ($50.60) and gave the company a “sell” rating in a report on Thursday, January 4th. Numis Securities reissued a “hold” rating and issued a GBX 5,100 ($69.16) target price on shares of NEXT in a report on Thursday, January 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 4,830 ($65.50) target price on shares of NEXT in a report on Thursday, January 4th. Finally, Goldman Sachs Group reissued a “sell” rating and issued a GBX 4,240 ($57.50) target price on shares of NEXT in a report on Thursday, January 4th. Thirteen research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 4,294.45 ($58.24).
The stock has a market capitalization of $7,250.00 and a price-to-earnings ratio of 1,159.58.
In other news, insider Michael J. Roney acquired 405 shares of NEXT stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of GBX 4,313 ($58.49) per share, for a total transaction of £17,467.65 ($23,688.16).
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.
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