NEXT plc (LON:NXT) shares dropped 0% on Thursday . The company traded as low as GBX 4,697 ($62.80) and last traded at GBX 4,748 ($63.48). Approximately 942,510 shares were traded during trading, an increase of 93% from the average daily volume of 487,506 shares. The stock had previously closed at GBX 4,748 ($63.48).
NXT has been the topic of a number of recent analyst reports. Deutsche Bank decreased their target price on NEXT from GBX 4,250 ($56.83) to GBX 4,150 ($55.49) and set a “hold” rating on the stock in a report on Friday, September 8th. Shore Capital restated a “hold” rating on shares of NEXT in a research note on Thursday, September 14th. Peel Hunt restated a “hold” rating and issued a GBX 4,200 ($56.16) price target on shares of NEXT in a research note on Thursday, September 14th. Societe Generale boosted their price target on NEXT from GBX 4,129 ($55.21) to GBX 4,737 ($63.34) and gave the company a “hold” rating in a research note on Friday, September 15th. Finally, JPMorgan Chase & Co. boosted their price target on NEXT from GBX 4,580 ($61.24) to GBX 4,830 ($64.58) and gave the company a “neutral” rating in a research note on Friday, September 15th. Thirteen research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. NEXT has an average rating of “Hold” and an average target price of GBX 4,294.45 ($57.42).
The company has a market capitalization of $7,080.00 and a PE ratio of 1,134.11.
In related news, insider Michael J. Roney bought 405 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of GBX 4,313 ($57.67) per share, for a total transaction of £17,467.65 ($23,355.60).
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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