NEXT plc (OTCMKTS:NXGPF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

NEXT plc (OTCMKTS:NXGPF) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several research firms have recently commented on NXGPF. Morgan Stanley reiterated an “overweight” rating on shares of NEXT in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of NEXT in a research note on Friday, August 7th. Citigroup upgraded shares of NEXT from a “neutral” rating to a “buy” rating in a report on Tuesday, August 25th. Santander upgraded shares of NEXT to an “outperform” rating in a research report on Friday. Finally, Investec downgraded shares of NEXT from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th.

NEXT Price Performance

Shares of NXGPF stock opened at $194.13 on Friday. The firm’s 50-day moving average is $204.21 and its two-hundred day moving average is $192.11. NEXT has a 12 month low of $169.63 and a 12 month high of $210.30.

About NEXT

NEXT plc is a United Kingdom-based retail and online commerce company that sells clothing, footwear, accessories, homeware and related products. The company serves customers through a combination of physical stores, websites and mobile platforms, offering products under the NEXT brand and through selected third-party and partner brands.

NEXT operates primarily in the United Kingdom and Ireland, while its digital channels support sales to customers in international markets. The company also provides delivery, credit and other customer services associated with its retail operations and has expanded its online platform to support sales for certain third-party brands.

Founded in 1982, NEXT has developed from a traditional store-based retailer into a multichannel business focused on e-commerce as well as physical retail.