NEXT plc (LON:NXT) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 6,496.33 ($85.46).
A number of equities analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of NEXT in a report on Monday, January 6th. Jefferies Financial Group boosted their target price on shares of NEXT from GBX 5,600 ($73.66) to GBX 6,400 ($84.19) and gave the stock a “hold” rating in a report on Wednesday, October 23rd. HSBC lowered their target price on shares of NEXT from GBX 7,300 ($96.03) to GBX 7,050 ($92.74) and set a “hold” rating on the stock in a report on Tuesday, January 7th. Liberum Capital restated a “hold” rating on shares of NEXT in a report on Friday, January 3rd. Finally, Peel Hunt restated a “hold” rating on shares of NEXT in a report on Friday, January 3rd.
NXT traded up GBX 88 ($1.16) during trading on Friday, reaching GBX 6,938 ($91.27). 471,381 shares of the stock were exchanged, compared to its average volume of 625,680. The stock has a market cap of $9.24 billion and a P/E ratio of 15.39. NEXT has a twelve month low of GBX 4,648 ($61.14) and a twelve month high of GBX 7,358 ($96.79). The stock’s 50 day moving average price is GBX 6,958.76 and its two-hundred day moving average price is GBX 6,292.72. The company has a debt-to-equity ratio of 1,250.37, a quick ratio of 1.10 and a current ratio of 1.62.
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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