Royal Bank of Canada Reaffirms “Sector Performer” Rating for NEXT (LON:NXT)
Royal Bank of Canada reaffirmed their sector performer rating on shares of NEXT (LON:NXT) in a report published on Wednesday, January 3rd. Royal Bank of Canada currently has a GBX 4,500 ($63.19) price target on the stock.
Several other brokerages also recently weighed in on NXT. reaffirmed a reduce rating and set a GBX 3,800 ($53.36) price target on shares of NEXT in a research report on Thursday, November 2nd. Jefferies Group raised their target price on NEXT from GBX 4,600 ($64.60) to GBX 5,200 ($73.02) and gave the company a hold rating in a research report on Friday, September 15th. Deutsche Bank restated a hold rating and set a GBX 4,400 ($61.79) target price on shares of NEXT in a research report on Monday, October 16th. HSBC 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, Credit Suisse Group restated an underperform rating and set a GBX 4,200 ($58.98) target price on shares of NEXT in a research report on Tuesday, November 21st. Thirteen analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. NEXT presently has an average rating of Hold and an average price target of GBX 4,339.91 ($60.95).
Shares of NEXT (LON:NXT) traded down GBX 66 ($0.93) on Wednesday, reaching GBX 5,152 ($72.35). The company’s stock had a trading volume of 628,876 shares, compared to its average volume of 687,395. The firm has a market cap of $7,560.00 and a P/E ratio of 1,203.74. NEXT has a 12 month low of GBX 3,565 ($50.06) and a 12 month high of GBX 5,355 ($75.20).
In related news, insider Michael J. Roney bought 405 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of GBX 4,313 ($60.57) per share, for a total transaction of £17,467.65 ($24,529.77).
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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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