NEXT plc (LON:NXT) Given Average Recommendation of “Hold” by Brokerages

Shares of NEXT plc (LON:NXT) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is £142.26.

Several research firms recently commented on NXT. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a research report on Thursday, March 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th. UBS Group reiterated a “buy” rating and issued a £152 target price on shares of NEXT in a report on Wednesday, March 25th. Berenberg Bank reissued a “buy” rating and set a £180 target price on shares of NEXT in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th.

NEXT Price Performance

NXT stock opened at £129.50 on Friday. NEXT has a 52 week low of £105.90 and a 52 week high of £146.40. The firm has a market capitalization of £14.99 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 5.66 and a beta of 1.13. The company has a fifty day simple moving average of £128.94 and a two-hundred day simple moving average of £132.72. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79.

NEXT (LON:NXT) last posted its earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. Analysts anticipate that NEXT will post 660.7526882 earnings per share for the current fiscal year.

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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.