NEXT (NXT) Stock Price Up 2%

NEXT plc (LON:NXT)’s share price rose 2% during trading on Friday . The company traded as high as GBX 4,931 ($68.13) and last traded at GBX 4,921 ($67.99). Approximately 442,898 shares changed hands during trading, a decline of 42% from the average daily volume of 764,129 shares. The stock had previously closed at GBX 4,826 ($66.68).

NXT has been the topic of a number of analyst reports. Investec reaffirmed a “buy” rating and set a GBX 4,940 ($68.25) target price on shares of NEXT in a research note on Wednesday, January 3rd. Deutsche Bank reissued a “hold” rating and issued a GBX 4,400 ($60.79) price target on shares of NEXT in a research note on Thursday, November 2nd. Shore Capital reissued a “hold” rating on shares of NEXT in a research note on Wednesday, November 1st. Peel Hunt reissued a “hold” rating and issued a GBX 5,000 ($69.08) price target on shares of NEXT in a research note on Wednesday, November 1st. Finally, Jefferies Group reissued a “hold” rating and issued a GBX 5,200 ($71.84) price target on shares of NEXT in a research note on Tuesday, January 2nd. Thirteen analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. NEXT has an average rating of “Hold” and a consensus price target of GBX 4,349 ($60.09).

The company has a market cap of $7,070.00 and a P/E ratio of 1,149.77.

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About NEXT

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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