NEXT plc’s (NXT) “Underperform” Rating Reaffirmed at Credit Suisse Group

NEXT plc (LON:NXT)‘s stock had its “underperform” rating reiterated by analysts at Credit Suisse Group in a note issued to investors on Friday, September 1st. They presently have a GBX 4,000 ($51.66) price objective on the stock. Credit Suisse Group’s price target would indicate a potential downside of 20.71% from the stock’s current price.

Several other equities analysts also recently weighed in on NXT. Shore Capital reiterated a “sell” rating on shares of NEXT plc in a research report on Thursday, May 4th. Canaccord Genuity reiterated a “sell” rating and set a GBX 3,714 ($47.97) target price on shares of NEXT plc in a research report on Thursday, May 4th. Deutsche Bank AG lowered their target price on NEXT plc from GBX 4,750 ($61.35) to GBX 4,650 ($60.05) and set a “hold” rating on the stock in a research report on Friday, May 5th. Jefferies Group LLC reissued an “underperform” rating and set a GBX 3,500 ($45.20) price target on shares of NEXT plc in a report on Friday, May 5th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 4,580 ($59.15) price target on shares of NEXT plc in a report on Monday, May 8th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 4,489.10 ($57.98).

NEXT plc (LON NXT) traded up 1.02% during mid-day trading on Friday, hitting GBX 5045.00. The company had a trading volume of 1,306,682 shares. The company’s market capitalization is GBX 7.20 billion. NEXT plc has a 52 week low of GBX 3,565.00 and a 52 week high of GBX 5,225.00. The firm’s 50 day moving average is GBX 4,264.05 and its 200 day moving average is GBX 4,142.78.

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In other NEXT plc news, insider Caroline Goodall acquired 450 shares of NEXT plc stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of GBX 4,294 ($55.46) per share, with a total value of £19,323 ($24,955.44). Also, insider Michael J. Roney acquired 9,061 shares of NEXT plc stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average cost of GBX 4,386 ($56.64) per share, with a total value of £397,415.46 ($513,257.73).

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.

Analyst Recommendations for NEXT plc (LON:NXT)

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