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Share Price Information for Next (NXT)

London Stock Exchange
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Share Price: 9,008.00
Bid: 8,966.00
Ask: 8,970.00
Change: -24.00 (-0.27%)
Spread: 4.00 (0.045%)
Open: 9,018.00
High: 9,044.00
Low: 8,898.00
Prev. Close: 9,032.00
NXT Live PriceLast checked at -

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Broker tips: BG Group, Next, Halfords

Thu, 19th Jul 2012 11:22

Credit Suisse has downgraded its rating for natural gas giant BG Group from 'outperform' to 'neutral', saying that the market has yet to full appreciate the transitional challenges that the group faces in the upstream cycle."We are particularly concerned about the key area of growth - Brazil - given its importance to value and the well-known supply chain issues in the local market." Credit Suisse says that near-term cash flow in Brazil is burdened and the balance sheet is being stretched.The broker's target price is cut from 1,660p to 1,500p.UBS has raised its target price for High Street fashion and homeware retailer Next from 3,250p to 3,500p and reiterated its 'buy' rating on the stock ahead of its second-quarter results."We believe Next may have escaped the worst impact of the weather in Q2. Budgets and stock levels are traditionally kept tight, Directory may have benefitted from the weather and (although unquantifiable) stock shortages at the market leader may also have helped," UBS said in a research note on Thursday.While shares of car and bike parts retailer Halfords jumped on Thursday morning, Investec has slashed its target price from 310p to 225p.Halfords Retail sales fell by 7.5% on a like-for-like (LFL) basis in the first quarter, which Investec labelled as "in line, albeit weak". The uncertain backdrop lead the group to cut its pre-tax profit guidance to £62-70m, compared with consensus estimates of £76m.The broker said: "FY13E looks set to be tough, and clearly a change of CEO adds an element of uncertainty to the business. However, the strategy is unchanged, cash generation remains strong, supporting our unchanged dividend forecast, and early feedback from the three Lab stores has been 'encouraging'."Investec has retained its 'buy' recommendation for the stock.BC
More News
9 Nov 2022 10:21

TOP NEWS: Next snaps up Made.com assets after sofa seller collapses

(Alliance News) - Next PLC on Wednesday said it has agreed to buy assets of failed furniture seller Made.com out of administration.

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9 Nov 2022 08:57

LONDON MARKET OPEN: Stocks falter on China Covid fears; US vote eyed

(Alliance News) - Stock prices in London opened on the back foot on Wednesday, amid declines in Asia and elsewhere in Europe as well, continuing what has been a negative week so far for the FTSE 100 index.

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9 Nov 2022 07:37

Next to buy Made.com out of administration

(Sharecast News) - Clothing and homeware retailer Next has agreed to buy Made.com out of administration for £3.4m.

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8 Nov 2022 12:18

LONDON MARKET MIDDAY: Tepid trade in Europe as US midterm polls open

(Alliance News) - Blue-chip equities in Europe traded off morning lows heading into Tuesday afternoon, but the mood was still cautious, with traders mindful of the US midterm election.

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7 Nov 2022 09:52

Joules seeks loan and equity raise as finances hit by poor trading

(Alliance News) - Shares in Joules Group PLC dropped by a quarter early Monday, after the British lifestyles retailer warned that trading underperformance has left its finances in a precarious state.

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7 Nov 2022 09:42

LONDON BROKER RATINGS: Goldman cuts Shell; Redburn likes BAE Systems

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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7 Nov 2022 08:13

Next, Frasers Group among those looking to rescue Made.com

(Sharecast News) - High-street stalwart Next and Mike Ashley's Frasers Group were reported to be among the frontrunners looking to rescue the teetering online furniture retailer Made.com Group over the weekend.

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3 Nov 2022 09:59

LONDON BROKER RATINGS: Peel Hunt reinitiates Tullow Oil with 'buy'

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

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3 Nov 2022 07:59

LONDON BRIEFING: Stocks called down as markets brace for BoE hike

(Alliance News) - Stocks in London are set to open lower on Thursday, as the pressure is on for the Bank of England at midday, after the US Federal Reserve indicated interest rates are likely to have to reach a higher level than previously expected.

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2 Nov 2022 17:42

Cyclicals, BAT drag FTSE 100 lower ahead of Fed decision

FTSE 100 down 0.6%, FTSE 250 adds 0.1%

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2 Nov 2022 17:00

LONDON MARKET CLOSE: Stocks largely lower ahead of US Fed rate hike

(Alliance News) - Blue-chip European equities closed in the red on Wednesday, with poor manufacturing data and fading hopes of an end to zero-Covid measures in China doing little to lift the mood ahead of a Federal Reserve interest rate decision.

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2 Nov 2022 12:11

LONDON MARKET MIDDAY: Stocks down but Next and GSK bring some cheer

(Alliance News) - Stock prices in London edged into the red at midday on Wednesday, as the market awaited a key US interest rate decision, but welcomed positive business updates from GSK and Next.

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2 Nov 2022 09:01

LONDON MARKET OPEN: Aston Martin downgrades outlook; warns on costs

(Alliance News) - Trading was timid in London at the market open on Wednesday, after a series of mixed corporate updates, as investors awaited the all-important interest rate decision from the US Federal Reserve, due after the European close.

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2 Nov 2022 08:55

TOP NEWS: Next keeps guidance as quarter sales profit from cold spell

(Alliance News) - Next PLC on Wednesday said full price sales for the quarter increased thanks to cold weather in September, as it maintains its profit guidance for the year.

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2 Nov 2022 08:52

Britain's Next sticks to outlook after quarterly sales rise

Q3 full price sales up 0.4%

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