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  2. Share Prices
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  5. Broker snap: Credit Suisse cuts Next to 'neutral' after strong run

Pin to quick picksNext Share News (NXT)

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Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 9,100.00
Bid: 9,098.00
Ask: 9,102.00
Change: 58.00 (0.64%)
Spread: 4.00 (0.044%)
Open: 9,068.00
High: 9,108.00
Low: 9,040.00
Prev. Close: 9,042.00
NXT Live PriceLast checked at -

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Broker snap: Credit Suisse cuts Next to 'neutral' after strong run

Fri, 05th Apr 2013 09:15

After a 50 per cent share-price jump over the past 12 months, Next has seen its rating downgraded by Credit Suisse from 'outperform' to 'neutral', causing the stock to fall on Friday morning.The broker has removed the shares from its 'Focus List' after the 37% outperformance of the benchmark FTSE 100 index.The stock was down 2.52% at 4,216p by 09:32 in morning trade.Credit Suisse said that some of the drivers of the financial year (ending January 2014) have not been quite as significant as expected: "The outlook for Homeware sales, Directory service enhancements and customer growth in 2H 2012/13 are all slightly behind where we hoped they would be at this stage of the year, providing slightly less confidence in forecasts."As such, it believes that there is little chance of upgrades to full-year numbers until the second half following a slow January and expected slow first quarter.Meanwhile, Next has given mixed messages on share repurchases, the broker said."The company has shown clear reluctance to buy back shares above £45, and has yet to pay over £43. We don't see a long-term alternative to buybacks, but for as long as it remains well behind its full-year run rate, the buyback question will be a cloud; both technically in terms of support, and potentially in terms of the earnings per share accretion for the next two years."Next's valuation - trading a 13.5 times forward earnings - is close to 10-year highs, Credit Suisse said.The target price has been lifted from 4,450p to 4,650p, which leaves just 6.0% upside to the current price.BC
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4 Jan 2024 10:17

UK clothing retailer Next ups profit outlook again on strong Christmas

Full price sales up 5.7% in nine weeks to Dec. 30

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4 Jan 2024 08:58

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(Alliance News) - Stock prices in London opened up on Thursday, amid a slew of services PMI data, including for the UK, while reacting to the latest data from China.

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4 Jan 2024 08:06

TOP NEWS: Next ups profit outlook again after bumper Christmas trading

(Alliance News) - Next PLC on Thursday lifted annual guidance once again, after sales around the key festive period were better than what the retailer had anticipated.

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LONDON BRIEFING: Stocks to open higher amid slew of services PMIs

(Alliance News) - Stocks in London are set to open slightly higher on Thursday, ahead of a slew of services PMI data, including for the UK, while reacting to the latest data from China.

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4 Jan 2024 07:02

Next lifts guidance after better-than-expected Xmas sales

(Sharecast News) - UK fashion retailer Next lifted annual guidance for the fifth time in seven months after full-price sales came in a massive £38m more than expected during November and December, but warned that attacks on shipping in the Red Sea could cause supply delays.

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28 Dec 2023 15:56

UK earnings, trading statements calendar - next 7 days

Friday 29 December 
Pantheon Resources PLCFull Year Results
Monday 1 January 
no events scheduled 
Tuesday 2 January 
no events scheduled 
Wednesday 3 January 
no events scheduled 
Thursday 4 January 
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Mattioli Woods PLCTrading Statement
Next PLCTrading Statement
Videndum PLCTrading Statement
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Dec 2023 17:02

LONDON MARKET CLOSE: Stocks start week higher as 2024 draws to close

(Alliance News) - Equities in London kicked off an abbreviated trading week with gains on Wednesday, on continued US interest rate optimism at the end of 2024.

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27 Dec 2023 15:56

UK dividends calendar - next 7 days

Thursday 28 December 
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Cerillion PLCex-dividend payment date
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Focusrite PLCex-dividend payment date
Gore Street Energy Storage Fund PLCex-dividend payment date
Grainger PLCex-dividend payment date
Jet2 PLCex-dividend payment date
JPMorgan European Discovery Trust PLCex-dividend payment date
Lowland Investment Co PLCex-dividend payment date
North American Income Trust PLCex-dividend payment date
Schroder AsiaPacific Fund PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Schroder Income Growth Fund PLCex-dividend payment date
Troy Income & Growth Trust PLCex-dividend payment date
Ultimate Products PLCex-dividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
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DFS Furniture PLCdividend payment date
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Downing Renewables & Infrastructure Trust PLCdividend payment date
Energean PLCdividend payment date
Global Smaller Cos Trust PLCex-dividend payment date
Henderson Diversified Income Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Imperial Brands PLCdividend payment date
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Palace Capital PLCdividend payment date
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Pollen Street PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Warehouse REIT PLCdividend payment date
Monday 1 January 
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Blackrock Sustainable American Income Trust PLCdividend payment date
Fuller Smith & Turner PLCdividend payment date
Land Securities Group PLCdividend payment date
Wednesday 3 January 
Bunzl PLCdividend payment date
FirstGroup PLCdividend payment date
Next PLCdividend payment date
QinetiQ Group PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks hold onto gains amid US rate cut hopes

(Alliance News) - London's FTSE 100 index was outperforming other European stock-price measures at midday on Wednesday, boosted by gains for miners and industrials.

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LONDON BRIEFING: Games Workshop seals Amazon deal for Warhammer 40,000

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18 Dec 2023 06:57

PRESS: Frasers Groups in talks to buy retailer Matchesfashion - Sky

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LONDON BROKER RATINGS: JPMorgan raises Compass and Marston's

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LONDON BROKER RATINGS: RBC likes 3i; JPMorgan raises Ocado

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30 Nov 2023 15:29

UK dividends calendar - next 7 days

Friday 1 December 
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AEW UK REIT PLCdividend payment date
Bloomsbury Publishing PLCdividend payment date
Bytes Technology Group PLCdividend payment date
C&C Group PLCdividend payment date
Empiric Student Property PLCdividend payment date
European Smaller Cos Trust PLCdividend payment date
Greencoat Renewables PLCdividend payment date
Hilton Food Group PLCdividend payment date
ICG Enterprise Trust PLCdividend payment date
JPMorgan China Growth & Income PLCdividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
Marshalls PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
PRS REIT PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Monday 4 December 
Blackrock Smaller Companies Trust PLCdividend payment date
Tuesday 5 December 
Balfour Beatty PLCdividend payment date
Coca-Cola Europacific Partners PLCdividend payment date
Wednesday 6 December 
Fidelity Asian Values PLCdividend payment date
Vesuvius PLCdividend payment date
Thursday 7 December 
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Alpha Financial Markets Consulting PLCex-dividend payment date
Assura PLCex-dividend payment date
British & American Investment Trust PLCex-dividend payment date
Burford Capital Ltddividend payment date
Caffyns PLCex-dividend payment date
Celebrus Technologies PLCex-dividend payment date
CMC Markets PLCex-dividend payment date
CML Microsystems PLCex-dividend payment date
Crystal Amber Fund Ltdex-dividend payment date
CT UK Capital & Income Investment Trust PLCex-dividend payment date
Develop North PLCex-dividend payment date
DX Group PLCdividend payment date
Energean PLCex-dividend payment date
Henderson High Income Trust PLCex-dividend payment date
Intermediate Capital Group PLCex-dividend payment date
Investec PLCex-dividend payment date
JD Sports Fashion PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
JPMorgan UK Smaller Cos Investment Trust PLCdividend payment date
London Finance & Investment Group PLCex-dividend payment date
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NewRiver REIT PLCex-dividend payment date
Next PLCex-dividend payment date
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

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