Brokerages Set NEXT plc (LON:NXT) Price Target at £153.55

Shares of NEXT plc (LON:NXT) have received a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is £153.55.

NXT has been the topic of several analyst reports. Shore Capital Group restated a “buy” rating and issued a £175 price objective on shares of NEXT in a report on Thursday, September 17th. Citigroup raised their price objective on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a £140 price objective on shares of NEXT in a research note on Thursday, August 6th. Peel Hunt reiterated a “hold” rating and issued a £139 target price on shares of NEXT in a report on Wednesday, August 5th. Finally, Berenberg Bank reissued a “buy” rating and issued a £187 price target on shares of NEXT in a report on Friday, September 18th.

Insiders Place Their Bets

In related news, insider Jeni Mundy purchased 160 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased 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 NEXT stock in a transaction on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. 1.47% of the stock is owned by corporate insiders.

NEXT Stock Up 1.2%

Shares of NEXT stock opened at £146.90 on Friday. The business has a 50-day moving average price of £151.09 and a 200 day moving average price of £139.88. The firm has a market cap of £16.77 billion, a P/E ratio of 19.71, a P/E/G ratio of 5.66 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 129.98. NEXT has a fifty-two week low of £116.95 and a fifty-two week high of £161.75.

NEXT (LON:NXT) last posted its quarterly earnings data 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%. On average, sell-side analysts forecast that NEXT will post 660.7526882 earnings per share for the current fiscal year.

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.