NEXT (LON:NXT) Given New £130.30 Price Target at JPMorgan Chase & Co.

NEXT (LON:NXT) had its target price increased by JPMorgan Chase & Co. from £117 to £130.30 in a research report report published on Thursday, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock.

NXT has been the subject of several other research reports. UBS Group restated a “buy” rating and set a £142 target price on shares of NEXT in a research note on Friday, September 5th. Peel Hunt restated a “hold” rating and set a £115 target price on shares of NEXT in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft raised their target price on NEXT from £108 to £116 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Finally, Shore Capital reaffirmed a “buy” rating on shares of NEXT in a report on Thursday, September 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of £136.26.

NEXT Price Performance

Shares of LON:NXT opened at £145.05 on Thursday. The business has a 50 day moving average price of £124.53 and a 200 day moving average price of £123.63. NEXT has a twelve month low of GBX 9,028 and a twelve month high of £146. The company has a market cap of £16.85 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 5.66 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.

NEXT (LON:NXT) last announced its earnings results on Thursday, September 18th. The company reported GBX 324.20 earnings per share for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. Research analysts predict that NEXT will post 660.7526882 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Richard Papp sold 2,518 shares of NEXT stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of £140.44, for a total transaction of £353,627.92. Also, insider Wolfson Aspley Guise sold 50,000 shares of NEXT stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of £145.20, for a total value of £7,260,000. 1.56% of the stock is owned by insiders.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.