NEXT (LON:NXT) Receives Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of NEXT (LON:NXT) in a report released on Friday, Marketbeat reports. Berenberg Bank currently has a £180 price target on the stock.

A number of other equities research analysts have also recently commented on NXT. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a research note on Wednesday, May 6th. Citigroup decreased their price target on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group reiterated a “buy” rating and issued a £152 price target on shares of NEXT in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NEXT presently has an average rating of “Hold” and an average target price of £140.98.

NEXT Price Performance

Shares of NXT stock opened at £124.55 on Friday. The stock’s 50-day moving average is £129.05 and its 200 day moving average is £133.95. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07. NEXT has a 1-year low of £112 and a 1-year high of £146.40. The company has a market cap of £14.37 billion, a P/E ratio of 16.71, a PEG ratio of 5.66 and a beta of 1.05.

NEXT (LON:NXT) last released its quarterly earnings results on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. Research analysts predict that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Amy Stirling acquired 375 shares of NEXT stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of £133.06 per share, for a total transaction of £49,897.50. 1.60% 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.