Next PLC (LON:NXT) Investors: Berenberg Keeps “Hold” Rating, Sees GBX 3800.00/Share; Bnp Paribas Arbitrage Sa Trimmed By $410.50 Million Its Regal Beloit (RBC) Stake

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Professional analysts at Berenberg have GBX 3800.00 target price on Next PLC (LON:NXT). Berenberg’s target price means a potential downside of -21.49% from the company’s last price. The rating was revealed in a report on Tuesday morning.

Bnp Paribas Arbitrage Sa decreased Regal Beloit Corp (RBC) stake by 34.88% reported in 2017Q4 SEC filing. Bnp Paribas Arbitrage Sa sold 5,359 shares as Regal Beloit Corp (RBC)’s stock declined 9.87%. The Bnp Paribas Arbitrage Sa holds 10,005 shares with $766.38M value, down from 15,364 last quarter. Regal Beloit Corp now has $3.10B valuation. The stock decreased 3.89% or $2.85 during the last trading session, reaching $70.5. About 561,832 shares traded or 63.96% up from the average. Regal Beloit Corporation (NYSE:RBC) has declined 3.59% since April 3, 2017 and is downtrending. It has underperformed by 15.14% the S&P500.

Bnp Paribas Arbitrage Sa increased Virnetx Holding Corp (NYSEMKT:VHC) stake by 6,401 shares to 12,758 valued at $47.21 million in 2017Q4. It also upped 3M Co (NYSE:MMM) stake by 107,516 shares and now owns 109,157 shares. Allscripts Healthcare Solutions Inc (Prn) was raised too.

Investors sentiment increased to 1.48 in Q4 2017. Its up 0.25, from 1.23 in 2017Q3. It increased, as 20 investors sold RBC shares while 76 reduced holdings. 52 funds opened positions while 90 raised stakes. 41.43 million shares or 0.48% more from 41.24 million shares in 2017Q3 were reported. Metropolitan Life Ins owns 0.01% invested in Regal Beloit Corporation (NYSE:RBC) for 12,698 shares. Wells Fargo And Co Mn holds 0% of its portfolio in Regal Beloit Corporation (NYSE:RBC) for 82,549 shares. 444,543 were reported by Principal Group Inc. 8,377 were accumulated by Hgk Asset Mgmt. Citigroup Inc stated it has 0% in Regal Beloit Corporation (NYSE:RBC). Louisiana State Employees Retirement holds 0.04% or 11,200 shares in its portfolio. New York-based Stone Ridge Asset Management Llc has invested 0.1% in Regal Beloit Corporation (NYSE:RBC). Art Advisors Ltd accumulated 8,400 shares. Brinker Cap holds 0.03% of its portfolio in Regal Beloit Corporation (NYSE:RBC) for 10,297 shares. Suntrust Banks stated it has 4,776 shares. Martingale Asset Mngmt Lp stated it has 0.04% of its portfolio in Regal Beloit Corporation (NYSE:RBC). 35,320 were reported by Opus Cap Grp Limited Liability Corp. Wedge Mgmt L Ltd Partnership Nc reported 11,549 shares. State Bank Of New York Mellon holds 757,238 shares or 0.02% of its portfolio. Aqr Capital Limited Liability Co stated it has 498,317 shares or 0.04% of all its holdings.

Analysts await Regal Beloit Corporation (NYSE:RBC) to report earnings on May, 14. They expect $1.26 earnings per share, up 17.76% or $0.19 from last year’s $1.07 per share. RBC’s profit will be $55.40M for 13.99 P/E if the $1.26 EPS becomes a reality. After $1.14 actual earnings per share reported by Regal Beloit Corporation for the previous quarter, Wall Street now forecasts 10.53% EPS growth.

Among 15 analysts covering Regal Beloit Corp (NYSE:RBC), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. Regal Beloit Corp has $9000 highest and $62 lowest target. $78.79’s average target is 11.76% above currents $70.5 stock price. Regal Beloit Corp had 42 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $73 target in Wednesday, April 19 report. Jefferies maintained the stock with “Hold” rating in Thursday, July 13 report. The stock of Regal Beloit Corporation (NYSE:RBC) earned “Neutral” rating by Seaport Global Securities on Tuesday, September 27. The firm has “Hold” rating given on Monday, October 16 by BMO Capital Markets. The firm has “Market Perform” rating given on Tuesday, August 2 by BMO Capital Markets. The stock of Regal Beloit Corporation (NYSE:RBC) earned “Overweight” rating by Morgan Stanley on Monday, January 11. As per Wednesday, May 11, the company rating was downgraded by Morgan Stanley. BMO Capital Markets maintained the shares of RBC in report on Thursday, January 25 with “Hold” rating. Oppenheimer maintained it with “Buy” rating and $9000 target in Wednesday, August 9 report. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, July 19.

NEXT plc engages in the retail of clothing, footwear, accessories, and home products for men, women, and children in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company has market cap of 6.57 billion GBP. The firm operates a chain of approximately 540 stores under the name NEXT Retail in the United Kingdom and Eire. It has a 11.03 P/E ratio. It also offers products through NEXT Directory, an online and catalogue shopping business with approximately 4.5 million active customers, as well as international Websites serving approximately 70 countries.

Among 28 analysts covering Next PLC (LON:NXT), 6 have Buy rating, 10 Sell and 12 Hold. Therefore 21% are positive. Next PLC has GBX 9000 highest and GBX 3360 lowest target. GBX 4691.32’s average target is -0.71% below currents GBX 4725 stock price. Next PLC had 304 analyst reports since July 24, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of NXT in report on Thursday, November 3 with “Buy” rating. Deutsche Bank maintained the shares of NXT in report on Friday, January 19 with “Hold” rating. The stock of Next Plc (LON:NXT) earned “Buy” rating by Beaufort Securities on Thursday, August 4. The rating was maintained by Credit Suisse with “Underperform” on Thursday, January 21. JP Morgan maintained it with “Neutral” rating and GBX 4580 target in Friday, March 24 report. The firm earned “Sell” rating on Tuesday, August 25 by Espirito Santo Execution. Cantor Fitzgerald downgraded it to “Hold” rating and GBX 7200 target in Tuesday, March 8 report. Credit Suisse downgraded the shares of NXT in report on Thursday, November 3 to “Underperform” rating. Berenberg maintained the shares of NXT in report on Tuesday, April 3 with “Hold” rating. HSBC maintained Next Plc (LON:NXT) on Friday, March 24 with “Reduce” rating.

Regal Beloit Corporation (NYSE:RBC) Institutional Positions Chart