Next PLC (LON:NXT) has been reiterated to Buy in a report by Beaufort Securities today.
- Updated: September 18, 2016
Beaufort Securities has reiterated Next PLC(LON:NXT) to Buy in a report released on Thursday August 4 2016.
On Wednesday August 3 2016, Peel Hunt Limited released a statement on Next PLC(LON:NXT) bumped the target price from 0.00GBX to 340.00GBX. At the time, this suggested a downside of -0.94%.
Only yesterday Next PLC (LON:NXT) traded 0.97% higher at 5,255.00GBX. Next PLC’s 50-day average is 5,378.11GBX and its two hundred day moving average is 5,452.14GBX. With the last stock close down 8.50% from the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. 1,001,204 shares of NXT traded, up from ann avg. volume of 629,415.
With a total market value of 0.0 GBX, Next PLC has a one-year low of 3,550.00GBX and a one-year high of 8,175.00GBX with a P/E ratio of 11.
A total of 22 analysts have issued a ratings update on Next PLC. Three analysts rate the stock a strong buy, four firms rate the company a buy, 14 analyts rate the stock a hold, three firms rate the company to underperform, and lastly two brokeragesrate the stock as sell with a one year target of 5,519.45GBX
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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