NEXT’s (NXT) “Sell” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their sell rating on shares of NEXT (LON:NXT) in a research report sent to investors on Monday, December 18th. The brokerage currently has a GBX 3,650 ($49.50) price objective on the stock.

Several other research firms also recently weighed in on NXT. Morgan Stanley downgraded shares of NEXT to an underweight rating and set a GBX 4,300 ($58.31) price target for the company. in a research report on Wednesday, October 11th. Barclays restated an underweight rating and set a GBX 3,900 ($52.89) price target on shares of NEXT in a research report on Friday, September 22nd. Credit Suisse Group upped their price target on shares of NEXT from GBX 4,000 ($54.24) to GBX 4,200 ($56.96) and gave the stock an underperform rating in a research report on Friday, September 15th. Numis Securities restated a hold rating and set a GBX 5,100 ($69.16) price target on shares of NEXT in a research report on Friday, September 15th. Finally, Deutsche Bank upped their price target on shares of NEXT from GBX 4,150 ($56.28) to GBX 4,400 ($59.67) and gave the stock a hold rating in a research report on Friday, September 15th. Thirteen analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 4,294.45 ($58.24).

NEXT (NXT) traded up GBX 27 ($0.37) on Monday, hitting GBX 4,990 ($67.67). 1,576,723 shares of the company traded hands, compared to its average volume of 638,018. NEXT has a 52-week low of GBX 3,565 ($48.35) and a 52-week high of GBX 5,355 ($72.62). The firm has a market cap of $7,290.00 and a P/E ratio of 1,165.89.

The company also recently declared a dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a GBX 45 ($0.61) dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a dividend yield of 1.01%.

In other news, insider Michael J. Roney purchased 405 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of GBX 4,313 ($58.49) per share, with a total value of £17,467.65 ($23,688.16).

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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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