NEXT (NXGPF) Lowered to “Weight” at Morgan Stanley

NEXT (NASDAQ:NXGPF) was downgraded by analysts at Morgan Stanley from an “equal” rating to a “weight” rating in a note issued to investors on Wednesday.

Several other brokerages have also issued reports on NXGPF. Credit Suisse Group lowered NEXT from a “neutral” rating to an “underperform” rating in a research note on Friday, June 16th. Berenberg Bank lowered NEXT from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. NEXT currently has an average rating of “Sell”.

Shares of NEXT (NASDAQ NXGPF) traded up 0.00000% on Wednesday, reaching $70.89657. The stock has a market cap of $10.39 billion and a price-to-earnings ratio of 12.54362. NEXT has a 1-year low of $46.41 and a 1-year high of $70.90. The firm’s 50 day moving average price is $58.09 and its 200 day moving average price is $53.36.

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