Next PLC (LON:NXT) Stock Upgrade
London-listed Next PLC (LON:NXT), was lifted by research professionals at Goldman Sachs today. Goldman Sachs lifted its rating on the 12.25 billion GBP market capitalized company to a “Buy”, and decided to leave its target PPS of GBX 8700.00 on NXT shares.
From a total of 23 analysts covering Next PLC (LON:NXT) stock, 7 rate it a ”Buy”, 5 a “Sell”, and 14 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is GBX 9000 while the lowest target price is GBX 6350. The mean of all analyst targets is GBX 7701 with a -4.73% below today’s (GBX 8010.65) stock price. Next PLC was the topic of 41 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 3 to “Buy” rating. Jefferies maintained shares with “Underperform” rating and GBX 6750 target share price in a report from an October 29. Credit Suisse maintained NXT stock in a recent report from November 24 with “Underperform” rating. Deutsche Bank maintained the rating on October 29. Deutsche Bank has a “Hold” rating and a GBX 7200 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on an October 29.
The stock decreased 0.05% or GBX 4.35 on December 2, striking GBX 8010.65. Approximately shares of stock traded hands. NEXT plc (LON:NXT) has risen 10.63% since May 6, 2015 and is uptrending. It has outperformed by 10.92% the S&P500.
Next Plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The company has a market cap of 12.25 billion GBP. The Company’s divisions include NEXT Retail, a chain of over more than 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active clients and international Websites serving approximately 70 countries; NEXT International Retail, with almost 200 mainly franchised stores; NEXT Sourcing, which designs, sources and buys NEXT branded products; Lipsy, which creates and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other divisions and external parties. It has 18.49 P/E ratio. Lipsy also sells directly through its own stores, Website, to wholesale clients and to franchise partners.