NEXT (LON:NXT – Get Free Report)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a report released on Wednesday, MarketBeat.com reports. They currently have a £158 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 3.57% from the stock’s previous close.
NXT has been the subject of several other research reports. Citigroup upped their price target on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Berenberg Bank reissued a “buy” rating and issued a £187 price objective on shares of NEXT in a research note on Friday, September 18th. Peel Hunt restated a “hold” rating and issued a £139 target price on shares of NEXT in a report on Wednesday, August 5th. Shore Capital Group restated a “buy” rating and issued a £175 target price on shares of NEXT in a report on Thursday, September 17th. Finally, JPMorgan Chase & Co. upped their target price on NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, NEXT presently has an average rating of “Hold” and a consensus price target of £155.80.
Get Our Latest Stock Report on NEXT
NEXT Stock Up 0.4%
LON:NXT traded up GBX 60 during trading hours on Wednesday, reaching £152.55. The company’s stock had a trading volume of 49,150,391 shares, compared to its average volume of 4,290,098. The company has a market cap of £17.41 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 5.66 and a beta of 1.07. NEXT has a one year low of £116.95 and a one year high of £161.75. The business’s 50-day moving average is £149.47 and its 200-day moving average is £142.84. The company has a debt-to-equity ratio of 129.98, a current ratio of 1.55 and a quick ratio of 1.07.
NEXT (LON:NXT – Get Free Report) last posted its earnings results on Thursday, September 17th. The company reported GBX 364.30 EPS for the quarter. NEXT had a net margin of 12.89% and a return on equity of 58.63%. Equities research analysts predict that NEXT will post 660.75 EPS for the current year.
Insiders Place Their Bets
In other news, insider Jeni Mundy purchased 160 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of £155.45 per share, for a total transaction of £24,872. 1.49% of the stock is currently owned by corporate insiders.
About NEXT
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.
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