NEXT’s (NXT) “Hold” Rating Reaffirmed at Deutsche Bank

Deutsche Bank reissued their hold rating on shares of NEXT (LON:NXT) in a report released on Wednesday, January 31st. The brokerage currently has a GBX 4,700 ($65.90) price target on the stock.

Other equities analysts have also issued reports about the company. Morgan Stanley lowered NEXT to an underweight rating and set a GBX 4,300 ($60.29) target price on the stock. in a research note on Wednesday, October 11th. Canaccord Genuity lifted their target price on NEXT from GBX 3,714 ($52.08) to GBX 3,731 ($52.31) and gave the company a sell rating in a research report on Thursday, January 4th. restated a reduce rating and issued a GBX 3,800 ($53.28) price objective on shares of NEXT in a research report on Thursday, November 2nd. Shore Capital restated a hold rating on shares of NEXT in a research report on Wednesday, November 1st. Finally, Berenberg Bank restated a sell rating and issued a GBX 3,650 ($51.18) price objective on shares of NEXT in a research report on Monday, December 18th. Thirteen equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 4,349 ($60.98).

Shares of NEXT (NXT) traded down GBX 120 ($1.68) during trading on Wednesday, reaching GBX 4,722 ($66.21). The company’s stock had a trading volume of 856,361 shares, compared to its average volume of 797,042. NEXT has a fifty-two week low of GBX 3,565 ($49.99) and a fifty-two week high of GBX 5,355 ($75.08). The firm has a market cap of $6,810.00 and a P/E ratio of 1,103.27.

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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.

Analyst Recommendations for NEXT (LON:NXT)

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