NEXT (LON:NXT) Given Buy Rating at Shore Capital Group

NEXT (LON:NXT)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a £150 price objective on the stock. Shore Capital Group’s price objective indicates a potential downside of 1.02% from the stock’s previous close.

Several other equities research analysts have also weighed in on NXT. Berenberg Bank reaffirmed a “buy” rating and issued a £180 target price on shares of NEXT in a report on Friday, May 15th. 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. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of £141.29.

NEXT Stock Performance

Shares of LON:NXT opened at £151.55 on Wednesday. The business’s fifty day moving average price is £141.84 and its two-hundred day moving average price is £134.77. NEXT has a fifty-two week low of £112 and a fifty-two week high of £161.75. The stock has a market capitalization of £17.30 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

Insider Transactions at NEXT

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