NEXT (NXT) Price Target Cut to GBX 4600 by Analysts at Jefferies Financial Group

NEXT (LON:NXT) had its price target decreased by Jefferies Financial Group from GBX 5,600 ($73.17) to GBX 4,600 ($60.11) in a research report sent to investors on Friday, December 21st. Jefferies Financial Group currently has a hold rating on the stock.

A number of other equities analysts have also recently commented on NXT. JPMorgan Chase & Co. restated a neutral rating on shares of NEXT in a report on Thursday, October 4th. UBS Group restated a buy rating on shares of NEXT in a report on Tuesday, September 25th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 6,700 ($87.55) price target on shares of NEXT in a research report on Wednesday, October 31st. Shore Capital reaffirmed a hold rating on shares of NEXT in a research report on Monday, September 10th. Finally, Peel Hunt reaffirmed a hold rating on shares of NEXT in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. NEXT presently has a consensus rating of Hold and a consensus price target of GBX 5,408.18 ($70.67).

NEXT stock traded down GBX 30 ($0.39) during midday trading on Friday, reaching GBX 4,757 ($62.16). 548,963 shares of the stock traded hands, compared to its average volume of 625,680. NEXT has a 12-month low of GBX 3,565 ($46.58) and a 12-month high of GBX 5,355 ($69.97).

In other NEXT news, insider Michael J. Roney bought 1,720 shares of the business’s stock in a transaction dated Thursday, January 3rd. The shares were acquired at an average price of GBX 4,359 ($56.96) per share, with a total value of £74,974.80 ($97,967.86).

About NEXT

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.

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Analyst Recommendations for NEXT (LON:NXT)

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