NEXT (NXT) Rating Reiterated by Peel Hunt

NEXT (LON:NXT)‘s stock had its “hold” rating restated by investment analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 5,000 ($67.29) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 12.66% from the stock’s current price.

Several other equities research analysts also recently issued reports on NXT. Jefferies Group increased their price objective on NEXT from GBX 3,850 ($51.82) to GBX 4,600 ($61.91) and gave the stock an “underperform” rating in a research note on Friday, August 11th. Barclays reissued an “underweight” rating on shares of NEXT in a research note on Thursday, August 31st. Deutsche Bank reaffirmed a “hold” rating and set a GBX 4,250 ($57.20) price target on shares of NEXT in a research note on Friday, September 1st. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 4,000 ($53.84) price target on shares of NEXT in a research note on Friday, September 1st. Finally, Shore Capital reaffirmed a “hold” rating on shares of NEXT in a research note on Thursday, September 14th. Ten equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 4,365.70 ($58.76).

Shares of NEXT (LON NXT) opened at GBX 4,438 ($59.73) on Tuesday. NEXT has a 1-year low of GBX 3,565 ($47.98) and a 1-year high of GBX 5,355 ($72.07).

In other news, insider Michael J. Roney acquired 405 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of GBX 4,313 ($58.05) per share, with a total value of £17,467.65 ($23,509.62).

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NEXT Company Profile

NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties.

Analyst Recommendations for NEXT (LON:NXT)

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