NEXT (NXT) Given Sell Rating at Goldman Sachs Group

NEXT (LON:NXT)‘s stock had its “sell” rating reiterated by analysts at Goldman Sachs Group in a research note issued to investors on Thursday, January 4th. They presently have a GBX 4,240 ($59.54) price target on the stock. Goldman Sachs Group’s target price points to a potential downside of 17.28% from the stock’s current price.

A number of other equities analysts also recently weighed in on NXT. Deutsche Bank boosted their target price on NEXT from GBX 4,400 ($61.79) to GBX 4,500 ($63.19) and gave the stock a “hold” rating in a research note on Friday, December 8th. Peel Hunt reiterated a “hold” rating and issued a GBX 5,000 ($70.21) price objective on shares of NEXT in a research note on Wednesday, November 1st. Societe Generale increased their target price on NEXT from GBX 4,129 ($57.98) to GBX 4,737 ($66.52) and gave the stock a “hold” rating in a research report on Friday, September 15th. restated a “reduce” rating and set a GBX 3,800 ($53.36) target price on shares of NEXT in a research report on Thursday, November 2nd. Finally, Berenberg Bank restated a “sell” rating and set a GBX 3,650 ($51.26) target price on shares of NEXT in a research report on Monday, December 18th. Thirteen equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 4,339.91 ($60.95).

Shares of NEXT (LON NXT) traded down GBX 26 ($0.37) on Thursday, reaching GBX 5,126 ($71.98). The company’s stock had a trading volume of 1,270,464 shares, compared to its average volume of 675,767. The firm has a market cap of $7,460.00 and a P/E ratio of 1,197.66. NEXT has a 52-week low of GBX 3,565 ($50.06) and a 52-week high of GBX 5,355 ($75.20).

In other NEXT news, insider Michael J. Roney bought 405 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of GBX 4,313 ($60.57) per share, for a total transaction of £17,467.65 ($24,529.77).

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About NEXT

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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