Next PLC (LON:NXT) Rating Reaffirmed
In a comprehensive report made public on 7 December, The “Underperform” rating of Next PLC (LON:NXT) shares was has decided to restate by Analysts at Credit Suisse, who now has a GBX 7200.00 target price per share on the stock. Credit Suisse’s target price per share would suggest a possible downside of -9.32% from the last price of the company.
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 -3.67% below today’s (GBX 7903.41) stock price. Next PLC was the topic of 43 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 7 with “Underperform” rating. Jefferies maintained shares with “Underperform” rating and GBX 6750 target share price in a report from an October 29. Goldman Sachs upgraded NXT stock in a recent report from December 3 to “Buy” rating. Deutsche Bank maintained the rating on October 29. Deutsche Bank has a “Hold” rating and a GBX 7200 price target on shares. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on an October 29.
The stock decreased 0.46% or GBX 36.59 on December 4, striking GBX 7903.41. Approximately shares of stock traded hands. NEXT plc (LON:NXT) has risen 6.86% since May 8, 2015 and is uptrending. It has outperformed by 7.94% 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 12.14 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 18.25 P/E ratio. Lipsy also sells directly through its own stores, Website, to wholesale clients and to franchise partners.