Less Ads, More Data, More Tools Register for FREE

Barclays downgrades Next, says shares up with events

Thu, 01st Feb 2024 09:46

(Sharecast News) - Barclays downgraded Next on Thursday to 'equalweight' from 'overweight' but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.

"Although we still very much like the long-term story at Next, we feel that the share price is 'up with events' after a strong run," it said.

Barclays noted the shares are up 26% since the end of October last year, versus the FTSE 100 up 5%.

At 0945 GMT, the shares were down 2.2% at 8,278p.

Related Shares

More News
22 May 2024 12:05

LONDON MARKET MIDDAY: "Worrisome" core inflation tempers BoE cut hopes

(Alliance News) - Stock prices in London traded lower on Wednesday afternoon, after a more robust than expected UK inflation reading damped Bank of En...

9 May 2024 15:49

UK shareholder meetings calendar - next 7 days

1 May 2024 16:42

London close: Stocks fall ahead of US Fed decision

(Sharecast News) - London markets closed lower on Wednesday, as investors digested the latest UK manufacturing data and anticipated an impending polic...

1 May 2024 08:57

LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 brushing off some pre-Federal Reserve decision trepidation to re...

1 May 2024 08:54

TOP NEWS: Next first-quarter beats forecast and backs annual outlook

(Alliance News) - Next PLC on Wednesday said sales in its first quarter topped its forecast, and it maintained annual expectations but predicted a "we...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.