NEXT (LON:NXT – Get Free Report)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a £158 target price on the stock. Jefferies Financial Group’s price target points to a potential upside of 3.57% from the company’s current price.
NXT has been the topic of several other research reports. Berenberg Bank reiterated a “buy” rating and set a £187 target price on shares of NEXT in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a £140 price target on shares of NEXT in a research note on Thursday, August 6th. Citigroup boosted their price target on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Peel Hunt reiterated a “hold” rating and set a £139 price objective on shares of NEXT in a research note on Wednesday, August 5th. Finally, Shore Capital Group reissued a “buy” rating and issued a £175 price objective on shares of NEXT in a report on Thursday, September 17th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of £155.80.
Read Our Latest Report on NEXT
NEXT Stock Up 0.4%
NEXT stock traded up GBX 60 during mid-day trading on Wednesday, reaching £152.55. The company’s stock had a trading volume of 206,478 shares, compared to its average volume of 4,050,177. The company has a market capitalization 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 12 month low of £116.95 and a 12 month high of £161.75. The business’s 50 day simple moving average is £149.45 and its 200 day simple moving average is £143. The company has a debt-to-equity ratio of 129.98, a quick ratio of 1.07 and a current ratio of 1.55.
NEXT (LON:NXT – Get Free Report) last issued its quarterly earnings results on Thursday, September 17th. The company reported GBX 364.30 earnings per share (EPS) for the quarter. NEXT had a net margin of 12.89% and a return on equity of 58.63%. As a group, research analysts anticipate that NEXT will post 660.75 earnings per share for the current year.
Insider Activity
In other NEXT news, insider Jeni Mundy acquired 160 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of £155.45 per share, with a total value of £24,872. 1.49% of the stock is currently owned by 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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