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Haitong Securities announced Next PLC (LON:NXT), upholding its stock price target at 5,900.00GBX today

Next PLC (LON:NXT) had its estimated target price hold steady to 5,900GBX by Haitong Securities in a report released 9/20/2016. The updated target price implies a potential upside of 0.18% based on the company’s most recent stock close price.

On 9/19/2016, RBC Capital Markets reported on Next PLC(LON:NXT) dropped the target price from 5,800.00GBX to 5,600.00GBX. At the time, this indicated a possible upside of 0.11%.

Yesterday Next PLC (LON:NXT) traded 0.70% higher at 4,981.00GBX. Next PLC’s 50-day moving average is 5,389.92GBX and its 200-day average is 5,422.87GBX. The last stock price close is down 7.06% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Volume of trade was down over the average, with 506,288 shares of NXT changing hands under the typical 627,721 shares..

See Chart Below:

Next PLC (LON:NXT)

With a total market value of 0.0 GBX, Next PLC has a 52 week low of 3,550.00GBX and a 52 week high of 8,175.00GBX with a P/E ratio of 11.

Also covering Next PLC’s target price, a total of 22 firms have issued a ratings update on the company. The one year target stock price is 5,519.45GBX with three firms rating the stock a strong buy, four firms rating the company a buy, 14 analyts rating the stock a hold, three brokerages rating the company to underperform, and finally two brokeragesrating the stock as sell.

Brief Synopsis About Next PLC (LON:NXT)

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. Lipsy also sells directly through its own stores and Website, and to wholesale customers and to franchise partners. The Company’s franchise partners operate approximately 180 stores in over 30 countries.

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