Panmure Gordon Downgrades NEXT (OTCMKTS:NXGPF) to Hold

Panmure Gordon lowered shares of NEXT (OTCMKTS:NXGPFGet Rating) from a buy rating to a hold rating in a research note issued to investors on Monday morning, The Fly reports.

A number of other brokerages have also recently issued reports on NXGPF. Credit Suisse Group decreased their target price on NEXT from GBX 6,450 ($76.27) to GBX 5,200 ($61.49) in a report on Tuesday, October 4th. JPMorgan Chase & Co. decreased their target price on NEXT from GBX 6,000 ($70.95) to GBX 5,600 ($66.22) in a report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on NEXT from GBX 6,200 ($73.31) to GBX 5,700 ($67.40) in a report on Wednesday, October 5th. Barclays reduced their price target on NEXT from GBX 8,100 ($95.78) to GBX 7,000 ($82.77) in a research report on Thursday, November 3rd. Finally, Citigroup initiated coverage on NEXT in a research report on Monday, September 12th. They set a sell rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from, the company has a consensus rating of Hold and an average price target of $6,541.14.

NEXT Stock Performance

Shares of OTCMKTS:NXGPF opened at $67.80 on Monday. NEXT has a 1 year low of $54.00 and a 1 year high of $68.30. The stock has a 50-day simple moving average of $60.30 and a 200-day simple moving average of $72.25.

About NEXT

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NEXT plc engages in the retail of clothing, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments.

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