NEXT’s (NXT) “Buy” Rating Reiterated at UBS Group

UBS Group reaffirmed their buy rating on shares of NEXT (LON:NXT) in a research note released on Thursday, Digital Look reports. UBS Group currently has a GBX 6,300 ($82.32) target price on the stock.

A number of other research analysts also recently issued reports on the company. Peel Hunt restated a hold rating and set a GBX 5,800 ($75.79) price target (up previously from GBX 5,600 ($73.17)) on shares of NEXT in a research note on Monday, July 29th. Goldman Sachs Group upgraded NEXT to a buy rating in a research note on Tuesday, August 13th. Credit Suisse Group restated an underperform rating and set a GBX 5,200 ($67.95) price target (up previously from GBX 4,800 ($62.72)) on shares of NEXT in a research note on Monday, April 29th. Royal Bank of Canada raised their price target on NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the stock an outperform rating in a research note on Tuesday, August 6th. Finally, Liberum Capital raised their price target on NEXT from GBX 6,100 ($79.71) to GBX 6,500 ($84.93) and gave the stock a buy rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 5,655.56 ($73.90).

LON:NXT opened at GBX 5,622 ($73.46) on Thursday. The stock’s 50 day moving average price is GBX 5,634.72. The stock has a market cap of $7.49 billion and a P/E ratio of 12.98. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 233.24. NEXT has a 52-week low of GBX 3,970 ($51.88) and a 52-week high of GBX 6,218 ($81.25).

About NEXT

NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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Analyst Recommendations for NEXT (LON:NXT)

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