NEXT plc (NXT) Given “Sell” Rating at Shore Capital

Shore Capital reiterated their sell rating on shares of NEXT plc (LON:NXT) in a research report released on Tuesday morning.

A number of other analysts also recently weighed in on the company. Deutsche Bank AG decreased their price objective on NEXT plc from GBX 5,300 ($66.23) to GBX 4,900 ($61.23) and set a  hold rating for the company in a report on Thursday, January 5th. Canaccord Genuity decreased their price objective on NEXT plc from GBX 5,125 ($64.05) to GBX 4,400 ($54.99) and set a hold rating for the company in a report on Thursday, January 5th. Beaufort Securities downgraded NEXT plc to a hold rating and set a GBX 4,300 ($53.74) price objective for the company. in a report on Thursday, January 5th. Numis Securities Ltd restated a hold rating and issued a GBX 4,500 ($56.24) price objective on shares of NEXT plc in a report on Thursday, January 5th. Finally, Citigroup Inc. decreased their price target on NEXT plc from GBX 4,800 ($59.99) to GBX 4,180 ($52.24) and set a neutral rating for the company in a report on Thursday, January 5th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. NEXT plc has an average rating of Hold and an average price target of GBX 4,751.81 ($59.38).

Shares of NEXT plc (LON:NXT) opened at 3965.10 on Tuesday. The stock has a 50 day moving average price of GBX 4,193.24 and a 200 day moving average price of GBX 4,829.92. The firm’s market cap is GBX 5.75 billion. NEXT plc has a one year low of GBX 3,550.00 and a one year high of GBX 7,110.00.

“NEXT plc (NXT) Given “Sell” Rating at Shore Capital” was originally reported by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be viewed at http://sleekmoney.com/next-plc-nxt-given-sell-rating-at-shore-capital/1659768.html.

In other NEXT plc news, insider Francis Salway purchased 1,250 shares of the stock in a transaction on Monday, January 9th. The stock was bought at an average price of GBX 4,050 ($50.61) per share, for a total transaction of £50,625 ($63,265.43). Also, insider Steve Barber purchased 2,500 shares of the stock in a transaction on Friday, January 6th. The stock was acquired at an average price of GBX 4,101 ($51.25) per share, with a total value of £102,525 ($128,124.22). In the last quarter, insiders have purchased 5,500 shares of company stock valued at $22,021,000.

NEXT plc 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.

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/next-plc-nxt-given-sell-rating-at-shore-capital/1659768.html

Receive News & Ratings for NEXT plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT plc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *