NEXT (LON:NXT) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

NEXT (LON:NXT)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Friday, September 18th, Marketbeat Ratings reports. They currently have a £187 target price on the stock. Berenberg Bank’s target price points to a potential upside of 27.60% from the company’s previous close.

Several other research analysts also recently commented on NXT. JPMorgan Chase & Co. raised their price objective on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Citigroup boosted their target price on shares of NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Shore Capital Group reaffirmed a “buy” rating and issued a £175 price target on shares of NEXT in a report on Thursday, September 17th. Peel Hunt reiterated a “hold” rating and issued a £139 price target on shares of NEXT in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a £140 price objective on shares of NEXT in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of £153.55.

NEXT Stock Performance

LON NXT traded up GBX 255 during trading on Friday, hitting £146.55. 260,152 shares of the company’s stock traded hands, compared to its average volume of 4,397,563. The stock has a market capitalization of £16.73 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 5.66 and a beta of 1.04. NEXT has a 12-month low of £116.95 and a 12-month high of £161.75. The company has a debt-to-equity ratio of 129.98, a quick ratio of 1.07 and a current ratio of 1.55. The business has a 50 day moving average of £150.90 and a 200-day moving average of £140.05.

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

Insider Activity at NEXT

In other news, insider Jeni Mundy purchased 160 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of £155.45 per share, with a total value of £24,872. 1.47% of the stock is owned by company 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.