NEXT plc -14.8% potential downside indicated by Citigroup

NEXT plc with ticker (LON:NXT) now has a potential downside of -14.8% according to Citigroup.



Citigroup set a target price of 5,700 GBX for the company, which when compared to the NEXT plc share price of 6,692 GBX at opening today (21/06/2023) indicates a potential downside of -14.8%. Trading has ranged between 4,306 (52 week low) and 7,082 (52 week high) with an average of 327,221 shares exchanging hands daily. The market capitalisation at the time of writing is £8,596,213,068.

NEXT plc is a retailer selling clothing, homeware, and beauty products. The Company’s segments include NEXT Online, NEXT Finance, NEXT Retail, Total Platform, Joules, Property Management, and International Retail, Sourcing and other. The Property Management segment holds properties and property leases which are recharged to other segments and external parties. The International Retail, Sourcing and other segment comprises franchise and wholly owned stores overseas and its sourcing business. International online sales are included in the NEXT Online segment. NEXT Online segment includes NEXT Brand UK, LABEL, and Overseas. Its product ranges stretch from women’s clothing through to upholstery. Its stores support its online customers by facilitating the collection of orders and processing of returns. Its Total Platform brands include JoJo Maman Bebe, MADE.com and Joules, among others. The Company also offers next3step, a credit account that allows customers to spread the cost of orders.