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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: 9,272.00
Bid: 9,272.00
Ask: 9,278.00
Change: -62.00 (-0.66%)
Spread: 6.00 (0.065%)
Open: 9,344.00
High: 9,344.00
Low: 9,228.00
Prev. Close: 9,334.00
NXT Live PriceLast checked at -

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Credit Suisse sees "great momentum" at Next but stays 'neutral'

Mon, 30th Jun 2014 10:52

Credit Suisse sees "great momentum" at Next and has raised its profit forecasts for the high street retailer, lifting its target price from 6,500p to 6,800p.The bank said that the underlying momentum of the Next brand is still "very strong" after the 11.9% and 10.8% growth seen in the fourth and first quarter.However, it pointed out that "second-quarter comps for retail are nothing like as weak, and the year-on-year boost from weather is moderate".For the second quarter ending July, Credit Suisse estimates brand sales growth slowing to 8% but has raised its full-year growth forecast by nearly two percentage points to 7.9%.For the financial year ending January 2015, it now expects Next to report an adjusted pre-tax profit of £791m, up from £695m previously and slightly above company guidance of £750-790m.Despite the upgrades, Credit Suisse said: "However given the demanding long-term assumptions, the likelihood that Next's core customer is relatively sensitive to higher interest rates, and with the shares having notably outperformed during the recent sell-off, we maintain our 'neutral' rating."BC
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8 Feb 2023 11:47

Next promotes executive director to push third-party sales platform

(Alliance News) - Next PLC on Wednesday announced it has promoted Jeremy Stakol to executive director with a remit to boost the retailer's online sales platform.

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8 Feb 2023 10:23

Next appoints Lipsy's Jeremy Stakol as executive director

(Sharecast News) - Next said on Wednesday that it has appointed Jeremy Stakol as non-executive director, putting him in charge of boosting the clothing and homeware retailer's online sales.

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2 Feb 2023 18:28

JD Sports' new CEO Schultz lays out growth plans

New CEO sees capex of 3 bln stg over five years

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1 Feb 2023 09:33

LONDON BROKER RATINGS: Citigroup cuts Persimmon; HSBC raises Asos

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

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

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

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16 Jan 2023 09:49

Britain's M&S to invest $587 mln in store estate

Has accelerated overhaul of store estate

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12 Jan 2023 09:19

ASOS identifies cost savings after Christmas sales slide

Revenues down 3% in four months to end of Dec.

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11 Jan 2023 09:36

JD Sports sees bills-free young shoppers boosting profits

Total revenue growth of over 20% in 6 weeks to Dec. 31

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10 Jan 2023 16:57

LONDON MARKET CLOSE: Stocks lower after central bank speeches

(Alliance News) - Stock prices in London closed lower on Tuesday, after the Bank of England's chief economist warned that inflation in the UK may prove to be "more persistent."

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10 Jan 2023 12:21

LONDON MARKET MIDDAY: FTSE 100 pares loss before Powell takes stage

(Alliance News) - Stock prices in London fell short of producing a mid-morning turnaround but did go into Tuesday afternoon off session lows, though US interest rate worries still cast a dark cloud.

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10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

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

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10 Jan 2023 08:45

LONDON MARKET OPEN: Stocks struggle ahead of Powell's Stockholm speech

(Alliance News) - Hawkish words from Federal Reserve policymakers supported the dollar and hurt equities prices on Tuesday, as stock-market traders weigh up the prospect of US interest rates being higher for longer.

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

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

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6 Jan 2023 09:22

LONDON BROKER RATINGS: Credit Suisse cuts Next to 'underperform'

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

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6 Jan 2023 09:14

Credit Suisse downgrades Next to 'underperform'

(Sharecast News) - Credit Suisse downgraded Next on Friday to 'underperform' from 'neutral' as it said the shares were likely to underperform stocks that look cheap versus history.

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