Will the Recent HSBC Upgrade Help Next PLC (LON:NXT) Shares This Week?

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Next PLC (LON:NXT) Stock Upgrade

In a report sent to clients and investors earlier today, HSBC upped shares of Next PLC (LON:NXT) to a Buy. Analysts currently have a GBX 6050.00 PT on the shares. HSBC’s PT means a ppossible upside of 12.24 % from the last price of the stock.

NEXT plc (LON:NXT) Ratings Coverage

Among 11 analysts covering Next PLC (LON:NXT), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. Next PLC has GBX 6700 highest and GBX 5250 lowest target. GBX 5737.78’s average target is 6.81% above currents GBX 5372 stock price. Next PLC had 27 analyst reports since May 16, 2018 according to SRatingsIntel. The rating was maintained by Liberum Capital on Friday, June 15 with “Hold”. The stock of NEXT plc (LON:NXT) earned “Buy” rating by UBS on Tuesday, September 18. UBS maintained the stock with “Buy” rating in Friday, July 13 report. The stock of NEXT plc (LON:NXT) earned “Reduce” rating by AlphaValue on Tuesday, May 22. The firm has “Hold” rating given on Wednesday, August 1 by Peel Hunt. Citigroup maintained the stock with “Sell” rating in Wednesday, May 16 report. RBC Capital Markets maintained the shares of NXT in report on Wednesday, October 31 with “Outperform” rating. The stock has “Buy” rating by UBS on Wednesday, October 31. The stock of NEXT plc (LON:NXT) has “Hold” rating given on Thursday, August 2 by Deutsche Bank. UBS maintained the stock with “Buy” rating in Tuesday, September 25 report.

The stock increased 1.74% or GBX 92 during the last trading session, reaching GBX 5372. About 368,668 shares traded. NEXT plc (LON:NXT) has 0.00% since November 14, 2017 and is . It has underperformed by 15.62% the S&P500.

NEXT plc engages in the retail of clothing, footwear, accessories, and home products for men, women, and children in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company has market cap of 7.25 billion GBP. The firm operates a chain of approximately 540 stores under the name NEXT Retail in the United Kingdom and Eire. It has a 12.65 P/E ratio. It also offers products through NEXT Directory, an online and catalogue shopping business with approximately 4.5 million active customers, as well as international Websites serving approximately 70 countries.

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