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.

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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.

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