NEXT plc -1.9% potential downside indicated by JP Morgan

NEXT plc with ticker (LON:NXT) now has a potential downside of -1.9% according to JP Morgan.



JP Morgan set a target price of 6,500 GBX for the company, which when compared to the NEXT plc share price of 6,626 GBX at opening today (21/04/2023) indicates a potential downside of -1.9%. Trading has ranged between 4,306 (52 week low) and 7,082 (52 week high) with an average of 352,877 shares exchanging hands daily. The market capitalisation at the time of writing is £8,613,303,168.

NEXT plc is a United Kingdom-based retailer, which offers clothing, footwear, accessories, beauty and home products. The Company operates through seven segments: NEXT Online, NEXT Retail, NEXT Finance, NEXT International Retail, Lipsy, NENA, Property Management, and NEXT Sourcing. The Property Management segment holds property and property leases which are recharged to other segments and external pares. The NEXT International Retail segment comprises franchise and franchise-owned stores overseas. NEXT Online segment includes NEXT Brand UK, LABEL, and Overseas. NENA segment (Next Europe and North Africa) is a sourcing business primarily supporting the retail and online business. It operates approximately 477 stores in the United Kingdom and Eire. Its stores support its online customers by facilitating the collection of orders and processing of returns. It also offers next3step, a credit account that allows customers to spread the cost of orders over three months interest-free.