Published On: Sat, Sep 10th, 2016

NEXT plc (NXT) Rating Reiterated by Deutsche Bank AG

NEXT plc (LON:NXT)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a note issued to investors on Thursday. They currently have a GBX 5,950 ($79.25) price target on the stock. Deutsche Bank AG’s price target indicates a potential upside of 9.38% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the stock. Societe Generale restated a “hold” rating on shares of NEXT plc in a report on Tuesday, June 28th. Royal Bank Of Canada restated a “sector performer” rating on shares of NEXT plc in a report on Monday, August 1st. Goldman Sachs Group Inc. restated a “sell” rating and issued a GBX 4,750 ($63.27) price objective on shares of NEXT plc in a report on Monday, June 27th. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 4,950 ($65.93) price objective on shares of NEXT plc in a report on Friday, June 24th. Finally, Barclays PLC cut their price objective on shares of NEXT plc from GBX 7,500 ($99.89) to GBX 6,000 ($79.91) and set an “overweight” rating on the stock in a report on Friday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 5,596.67 ($74.54).
NEXT plc (LON:NXT) traded down 3.20% during midday trading on Thursday, hitting GBX 5440.00. 737,328 shares of the company were exchanged. The stock’s market capitalization is GBX 7.96 billion. NEXT plc has a 1-year low of GBX 3,550.00 and a 1-year high of GBX 8,175.00. The stock has a 50 day moving average of GBX 5,348.06 and a 200-day moving average of GBX 5,508.78.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/10/next-plc-nxt-rating-reiterated-by-deutsche-bank-ag.html

About NEXT plc
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.

Receive News & Ratings for NEXT plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NEXT plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>