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.
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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.
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