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Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
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Share Price: 9,294.00
Bid: 9,290.00
Ask: 9,294.00
Change: 90.00 (0.98%)
Spread: 4.00 (0.043%)
Open: 9,226.00
High: 9,306.00
Low: 9,214.00
Prev. Close: 9,204.00
NXT Live PriceLast checked at -

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Broker snap: UBS upgrades Home Retail to 'buy'

Wed, 05th Sep 2012 11:16

UBS has added Home Retail to its list of top picks in the UK retail sector, a category which has held up well in recent months."Since our last sector update in February the sector has performed well vs the local market - despite the weather - with disposable income and intake margins recovering in line with our expectations. Although recent increases in petrol prices, utility costs, and possibly food prices may take the edge off the expected recovery in 2013, we think the trend is likely to remain positive," the broker said.Nevertheless UBS said that it's "still early in the cycle" and upcoming results will likely be mixed: good growth is expected from Next and Dunelm but declines are expected at Kingfisher, Home Retail and Marks & Spencer.However, the broker reckons that if Home Retail's Argos brand can produce broadly stable like-for-like sales again in the second quarter, its long-term sale decline will look "more cyclical than structural"."If so, the consensus view that the operating companies have no value (net cash + debtor book = share price) will look misplaced." The broker has upgraded its rating for Home Retail from 'neutral' to 'buy' and lifted its target price for the stock from 90p to 115p."In-line with our positive stance on the sector we retain 'buy' ratings on Kingfisher, Next and M&S and add Home Retail. Our 'buy' ratings on M&S and Home Retail are generally anti-consensus and would benefit both from a further recovery in the UK consumer as well as their own self-help programmes."By 11:15 on Wednesday, Home Retail was trading 2.2% higher at 97.61p.BC
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(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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29 Mar 2023 17:16

Banks boost European stocks, UBS climbs after naming Ermotti CEO

Technology stocks rally 2.7%, boosted by chipmakers

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29 Mar 2023 17:11

LONDON MARKET CLOSE: Stocks up as confidence in banking sector builds

(Alliance News) - London's FTSE 100 extended its win streak to three days on Wednesday, with markets poised to wrap-up a fraught month for equities in bullish fashion, as banking sector fears fade.

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29 Mar 2023 12:08

LONDON MARKET MIDDAY: Banking optimism, Chinese tech gains lift shares

(Alliance News) - Large-cap equities in Europe went into Wednesday afternoon on the front foot, with the market mood lifted by a rally in Chinese technology shares and continued optimism that a full-blown banking crisis will be averted.

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29 Mar 2023 09:26

TOP NEWS: Next shares down as warns of profit and sales decline

(Alliance News) - Next PLC on Wednesday hailed a "good year" in 2022 despite various challenges, but expects a "difficult" year ahead as selling price inflation will be "more benign" than anticipated.

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29 Mar 2023 09:04

LONDON MARKET OPEN: Trading timid; Next falls as profit to decline

(Alliance News) - Stock prices in London opened higher on Wednesday, though trading remaining cautious following the recent turbulence in the banking sector.

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29 Mar 2023 07:57

Next posts better-than-expected FY profits

(Sharecast News) - Next posted a better-than-expected jump in full-year profit on Wednesday as it said selling price inflation was set to be more benign than previously thought, but warned the year ahead will be "difficult" and that it continues to expect a decline in profit.

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29 Mar 2023 07:52

LONDON BRIEFING: Next guides for lower profit and full price sales

(Alliance News) - Equity trading is set to remain cautious in London on Wednesday, as investor sentiment continues to steady after the recent turbulence in the banking sector.

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28 Mar 2023 16:47

Next snaps up Cath Kidston vintage clothing brand for GBP8.5 million

(Alliance News) - Next PLC on Tuesday said it has bought the Cath Kidston vintage clothing brand in a GBP8.5 million deal.

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28 Mar 2023 16:44

Next buys Cath Kidston for £8.5m

(Sharecast News) - Retailer Next confirmed on Tuesday that it has agreed to buy the brand name, domain names and intellectual property of Cath Kidston from the administrators for £8.5m.

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(Sharecast News) - Investors' focus in the middle of the week would swivel back to the UK.

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LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

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