NEXT (NXT) Earns Buy Rating from Analysts at UBS Group
Equities research analysts at UBS Group began coverage on shares of NEXT (LON:NXT) in a research report issued on Tuesday, www.digitallook.com reports. The brokerage set a “buy” rating and a GBX 6,600 ($85.97) price target on the stock. UBS Group’s price objective suggests a potential upside of 23.97% from the stock’s current price.
A number of other analysts have also recently commented on NXT. Peel Hunt boosted their target price on shares of NEXT from GBX 5,000 ($65.13) to GBX 5,250 ($68.39) and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Shore Capital reissued a “hold” rating on shares of NEXT in a research note on Monday, September 10th. Liberum Capital boosted their target price on shares of NEXT from GBX 5,000 ($65.13) to GBX 6,100 ($79.46) and gave the stock a “hold” rating in a research note on Friday, June 15th. HSBC boosted their target price on shares of NEXT from GBX 4,600 ($59.92) to GBX 5,550 ($72.29) and gave the stock a “hold” rating in a research note on Monday, July 9th. Finally, Deutsche Bank cut their target price on shares of NEXT from GBX 5,450 ($70.99) to GBX 5,400 ($70.34) and set a “hold” rating for the company in a research note on Thursday, August 2nd. Twelve investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 4,745.29 ($61.81).
Shares of NXT stock traded down GBX 48 ($0.63) on Tuesday, reaching GBX 5,324 ($69.35). 246,284 shares of the company were exchanged, compared to its average volume of 625,680. NEXT has a 1 year low of GBX 3,565 ($46.44) and a 1 year high of GBX 5,355 ($69.75).
NEXT Company Profile
NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
Featured Story: Average Daily Trade Volume Explained
Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with MarketBeat.com's FREE daily email newsletter.