Next (LON:NXT)‘s stock had its “sell” rating reiterated by analysts at Citigroup in a research report issued on Wednesday.
Several other brokerages also recently commented on NXT. Berenberg Bank reduced their target price on shares of Next from GBX 4,000 ($54.26) to GBX 3,800 ($51.55) and set a “hold” rating on the stock in a research note on Tuesday, April 3rd. Deutsche Bank restated a “hold” rating and issued a GBX 4,700 ($63.75) target price on shares of Next in a research note on Wednesday, January 31st. Peel Hunt restated a “hold” rating and issued a GBX 5,000 ($67.82) target price on shares of Next in a research note on Friday, March 23rd. HSBC upgraded shares of Next to a “hold” rating and boosted their target price for the company from GBX 3,360 ($45.58) to GBX 4,600 ($62.40) in a research note on Monday, April 23rd. Finally, Credit Suisse Group restated an “underperform” rating and issued a GBX 4,500 ($61.04) target price on shares of Next in a research note on Monday, March 26th. Twelve investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 4,506.57 ($61.13).
Shares of LON:NXT opened at GBX 5,806 ($78.76) on Wednesday. Next has a 52 week low of GBX 3,565 ($48.36) and a 52 week high of GBX 5,355 ($72.64).
NEXT plc engages in the retail of clothing, footwear, accessories, and home products for men, women, and children in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates a chain of approximately 540 stores under the name NEXT Retail in the United Kingdom and Eire.
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