NEXT (LON:NXT)‘s stock had its “sell” rating restated by analysts at Goldman Sachs Group in a research note issued to investors on Thursday, January 4th. They currently have a GBX 4,240 ($57.50) price objective on the stock. Goldman Sachs Group’s price objective indicates a potential downside of 15.23% from the stock’s previous close.
NXT has been the subject of several other research reports. Deutsche Bank lifted their price target on NEXT from GBX 4,400 ($59.67) to GBX 4,500 ($61.03) and gave the stock a “hold” rating in a research report on Friday, December 8th. Shore Capital reaffirmed a “hold” rating on shares of NEXT in a research report on Wednesday, November 1st. Whitman Howard reaffirmed a “sell” rating and issued a GBX 3,700 ($50.18) price target on shares of NEXT in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 4,830 ($65.50) target price on shares of NEXT in a research report on Thursday, November 2nd. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 5,000 ($67.81) target price on shares of NEXT in a research report on Wednesday, November 1st. Thirteen analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 4,294.45 ($58.24).
NEXT (LON NXT) opened at GBX 5,002 ($67.83) on Thursday. The stock has a market capitalization of $7,290.00 and a PE ratio of 1,168.69. NEXT has a 52-week low of GBX 3,565 ($48.35) and a 52-week high of GBX 5,355 ($72.62).
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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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