What’s Next for NEXT plc After Today’s Huge Decline?

 What's Next for NEXT plc After Today's Huge Decline?

The stock of NEXT plc (LON:NXT) is a huge mover today! The stock increased 2.46% or GBX 118.56 on November 29, hitting GBX 4938.56. About 726,372 shares traded hands. NEXT plc (LON:NXT) has declined 5.21% since May 2, 2016 and is downtrending. It has underperformed by 10.47% the S&P500.
The move comes after 7 months negative chart setup for the GBX 7.26 billion company. It was reported on Nov, 29 by Barchart.com. We have GBX 4790.40 PT which if reached, will make LON:NXT worth GBX 217.80 million less.

NEXT plc (LON:NXT) Ratings Coverage

Out of 25 analysts covering Next PLC (LON:NXT), 10 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 40% are positive. Next PLC has been the topic of 173 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Wednesday, January 6 the stock rating was maintained by Credit Suisse with “Underperform”. The firm earned “Underperform” rating on Tuesday, March 29 by Credit Suisse. Canaccord Genuity maintained the shares of NXT in a report on Thursday, September 17 with “Hold” rating. The firm has “Buy” rating by Berenberg given on Wednesday, January 6. Deutsche Bank maintained the shares of NXT in a report on Thursday, May 5 with “Buy” rating. Haitong Securities maintained NEXT plc (LON:NXT) rating on Friday, August 26. Haitong Securities has “Buy” rating and GBX 5900 price target. The firm has “Underperform” rating given on Wednesday, October 28 by Credit Suisse. Investec maintained it with “Sell” rating and GBX 4900 target price in Wednesday, August 3 report. The firm has “Hold” rating by Deutsche Bank given on Wednesday, January 6. Investec maintained NEXT plc (LON:NXT) rating on Thursday, September 15. Investec has “Sell” rating and GBX 4900 price target.

NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The company has a market cap of 7.26 billion GBP. The Company’s divisions 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 clients and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which creates and sources NEXT branded products; Lipsy, which creates and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other divisions and external parties. It has a 11.06 P/E ratio. Lipsy also sells directly through its own stores and Website, to wholesale clients and to franchise partners.

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