Next PLC (LON:NXT) Rating Reaffirmed
The brokerage firm has just set a target of GBX 9000.00 on Next PLC (LON:NXT) shares. This is 21.54% from the last stock close. In analysts report released on 15 December, Barclays Capital maintained their “Overweight” rating on shares of NXT.
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 3.94% above today’s (GBX 7325) 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.
The stock closed the day at GBX 7325 during the previous session. It is down 0.41% since May 18, 2015 and is downtrending. It has outperformed by 3.27% 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 11.20 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 16.91 P/E ratio. Lipsy also sells directly through its own stores, Website, to wholesale clients and to franchise partners.