Key Analysts at Investec Have Maintained their ‘”Hold”’ rating for Next PLC (LON:NXT) Shares Today. Their Target Provided Is GBX 7400.00

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Next PLC (LON:NXT) Rating Reaffirmed

London: In a very recent research note shared with investors and clients on Tuesday morning, Investec has decided to reaffirm their “Hold” rating on Next PLC (LON:NXT) shares. They now have a GBX 7400.00 target price on the firm. Investec’s target may imply a potential upside of 0.58% from the company’s current stock price.

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 7757.52 with a 3.59% above today’s (GBX 7350) stock price. Next PLC was the topic of 46 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 14 with “Hold” rating. Nomura downgraded shares to “Neutral” rating and GBX 8000 target share price in a report from a December 7. Credit Suisse maintained NXT stock in a recent report from December 7 with “Underperform” rating. Haitong Securities maintained the rating on November 24. Haitong Securities has a “Sell” rating and a GBX 6350 price target on shares. Finally, Goldman Sachs upgraded the stock to “Buy” rating in a report issued on a December 3.

Approximately 75,280 shares of stock traded hands. NEXT plc (LON:NXT) has declined 0.41% since May 18, 2015 and is downtrending. It has outperformed by 3.27% the S&P500.

Key Analysts at Investec Have Maintained their ‘

Next Plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The company has a market cap of 11.24 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 16.97 P/E ratio. Lipsy also sells directly through its own stores, Website, to wholesale clients and to franchise partners.

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