NEXT plc (LON:NXT) Receives Consensus Recommendation of “Hold” from Brokerages

NEXT plc (LON:NXT – Get Free Report) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is £141.29.

Several research analysts have commented on NXT shares. Citigroup cut their price target on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Berenberg Bank reiterated a “buy” rating and issued a £180 price objective on shares of NEXT in a research report on Friday, May 15th. Finally, Shore Capital Group reissued a “buy” rating and set a £150 price objective on shares of NEXT in a research note on Wednesday.

Get NEXT alerts:

Check Out Our Latest Research Report on NEXT

NEXT Stock Performance

NEXT stock opened at £148.45 on Friday. The firm’s 50 day simple moving average is £143.07 and its 200 day simple moving average is £134.99. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The firm has a market capitalization of £16.95 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. NEXT has a 1-year low of £112 and a 1-year high of £161.75.

Insider Transactions at NEXT

In other NEXT news, insider Amy Stirling purchased 375 shares of the stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of £133.06 per share, with a total value of £49,897.50. Also, insider Jonathan Blanchard sold 18,012 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. 1.66% of the stock is owned by corporate insiders.

NEXT Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than NEXT
• Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
• Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
• Apple’s Record Quarter Could Not Outrun Its Guidance Problem
• McKesson’s Compounding Keeps Adding Up

Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with MarketBeat.com's FREE daily email newsletter.