NEXT (LON:NXT – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at Shore Capital Group in a report issued on Thursday,London Stock Exchange reports. They presently have a £175 price objective on the stock. Shore Capital Group’s price target indicates a potential upside of 12.32% from the company’s current price.
Several other brokerages also recently issued reports on NXT. Citigroup cut their target price on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Berenberg Bank reissued a “buy” rating and set a £180 price target on shares of NEXT in a research report on Friday, May 15th. Finally, Peel Hunt restated a “hold” rating and issued a £139 price objective on shares of NEXT in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of £153.55.
Read Our Latest Research Report on NXT
NEXT Stock Performance
Insider Buying and Selling
In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. Company insiders own 1.66% of the company’s stock.
NEXT Company Profile
Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.
NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.
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