Deutsche Bank Increases NEXT (NXT) Price Target to GBX 4,500
NEXT (LON:NXT) had its price target boosted by analysts at Deutsche Bank from GBX 4,400 ($59.22) to GBX 4,500 ($60.57) in a research note issued on Friday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 0.38% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. Peel Hunt reiterated a “hold” rating and issued a GBX 5,000 ($67.29) price target on shares of NEXT in a research note on Tuesday, December 5th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 4,200 ($56.53) price target on shares of NEXT in a research note on Tuesday, November 21st. HSBC reiterated a “reduce” rating and issued a GBX 3,800 ($51.14) price target on shares of NEXT in a research note on Thursday, November 2nd. reiterated a “reduce” rating and issued a GBX 3,800 ($51.14) price target on shares of NEXT in a research note on Thursday, November 2nd. Finally, reiterated a “reduce” rating and issued a GBX 3,800 ($51.14) price target on shares of NEXT in a research note on Thursday, November 2nd. 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 company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 4,370.04 ($58.82).
Shares of NEXT (LON NXT) opened at GBX 4,483 ($60.34) on Friday. NEXT has a 52 week low of GBX 3,565 ($47.98) and a 52 week high of GBX 5,355 ($72.07).
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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.
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