Barclays Raises NEXT (LON:NXT) Price Target to GBX 8,100

NEXT (LON:NXTGet Rating) had its price objective increased by Barclays from GBX 8,000 ($98.03) to GBX 8,100 ($99.25) in a research report released on Friday, MarketBeat reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently commented on NXT. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of NEXT from GBX 7,850 ($96.19) to GBX 6,200 ($75.97) and set a buy rating for the company in a research note on Tuesday, July 5th. Shore Capital reissued a hold rating on shares of NEXT in a research note on Thursday. Royal Bank of Canada reissued an outperform rating and issued a GBX 7,200 ($88.22) price objective on shares of NEXT in a research note on Monday, May 30th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 7,280 ($89.20) price objective on shares of NEXT in a research report on Friday, May 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, NEXT has a consensus rating of Moderate Buy and an average price target of GBX 7,768.57 ($95.19).

NEXT Price Performance

Shares of LON:NXT opened at GBX 6,444 ($78.96) on Friday. The company has a market cap of £8.33 billion and a price-to-earnings ratio of 1,229.77. The company has a debt-to-equity ratio of 208.54, a current ratio of 1.99 and a quick ratio of 1.38. The firm has a 50 day simple moving average of GBX 6,305.06 and a 200 day simple moving average of GBX 6,436.36. NEXT has a one year low of GBX 5,578 ($68.35) and a one year high of GBX 8,484 ($103.96).

Insiders Place Their Bets

In other NEXT news, insider Michael J. Roney acquired 1,200 shares of the company’s stock in a transaction on Thursday, June 16th. The shares were purchased at an average cost of GBX 5,708 ($69.94) per share, with a total value of £68,496 ($83,930.89).

NEXT Company Profile

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

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Analyst Recommendations for NEXT (LON:NXT)

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