Next PLC (LON:NXT) Rating Reaffirmed
Haitong Securities now has a GBX 6350.00 TP on the 11.27 billion GBP market cap company or -13.46% downside potential. In a note distributed to Clients on Friday morning, Next PLC (LON:NXT) shares have had their “Sell” Rating has decided to reaffirm by investment advisers at Haitong Securities.
From a total of 23 analysts covering Next PLC (LON:NXT) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 7750.35 with a 4.79% above today’s (GBX 7335) stock price. Next PLC was the topic of 50 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Haitong Securities maintained shares on December 18 with “Sell” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 7200 target share price in a report from a December 7. Investec maintained NXT stock in a recent report from December 15 with “Hold” rating. Nomura downgraded the rating on December 7. Nomura has a “Neutral” rating and a GBX 8000 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a December 14.
Approximately 66,983 shares of stock traded hands. NEXT plc (LON:NXT) has declined 0.60% since May 21, 2015 and is downtrending. It has outperformed by 3.20% 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 11.27 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 16.93 P/E ratio. Lipsy also sells directly through its own stores, Website, to wholesale clients and to franchise partners.