NEXT/ADR (OTCMKTS:NXGPY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.
According to Zacks, “Next plc is a United Kingdom-based retailer offering fashion and accessories for men, women and children besides homeware products. It distributes its products through three main channels: Next Retail, a chain of stores in the United Kingdom and Eire; Next Directory, a home shopping catalogue and Website with millions of active customers, and Next International, with many stores. The Company’s other businesses include Next Sourcing, which designs, sources and buys Next branded products; Lipsy, which designs and sells its own branded younger women’s fashion products through wholesale, retail and Website channels, and Ventura, which provides customer services management to clients wishing to outsource their customer contact administration and fulfillment activities. Next plc is headquartered in Leicester, United Kingdom. “
Shares of OTCMKTS:NXGPY opened at $30.56 on Friday. NEXT/ADR has a 12 month low of $29.50 and a 12 month high of $41.84.
NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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