NEXT’s (NXT) Buy Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of NEXT (LON:NXT) in a research note released on Thursday,Digital Look reports. They currently have a £175 price target on the stock.

Several other brokerages also recently weighed in on NXT. Peel Hunt reaffirmed a “hold” rating and set a £139 target price on shares of NEXT in a research note on Wednesday, August 5th. Berenberg Bank lifted their price target on shares of NEXT from £180 to £187 and gave the company a “buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a £140 price objective on shares of NEXT in a research report on Thursday, August 6th. Finally, Citigroup increased their price objective on shares of NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, NEXT has an average rating of “Hold” and a consensus target price of £153.55.

NEXT Price Performance

NXT stock opened at £142.10 on Thursday. NEXT has a 52 week low of £116.15 and a 52 week high of £161.75. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 129.98. The firm has a market capitalization of £16.22 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. The company has a fifty day simple moving average of £151.12 and a two-hundred day simple moving average of £139.62.

NEXT (LON:NXT) last released its quarterly earnings results on Thursday, September 17th. The company reported GBX 364.30 earnings per share for the quarter. NEXT had a return on equity of 58.63% and a net margin of 12.89%. Analysts anticipate that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeni Mundy purchased 160 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of £155.45 per share, for a total transaction of £24,872. Also, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total value of £2,666,136.24. 1.47% of the stock is currently owned by corporate insiders.

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.