NEXT (LON:NXT) Stock Rating Reaffirmed as Buy by Shore Capital Group

NEXT (LON:NXT)‘s stock had its “buy” rating restated by stock analysts at Shore Capital Group in a research report issued to clients and investors on Thursday, September 17th, Digital Look reports. They currently have a £175 target price on the stock. Shore Capital Group’s price objective would suggest a potential upside of 21.53% from the stock’s previous close.

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

NEXT Stock Down 0.2%

Shares of LON:NXT traded down GBX 30 during trading on Thursday, hitting £144. 32,036,813 shares of the company’s stock traded hands, compared to its average volume of 4,591,169. The company has a current ratio of 1.55, a quick ratio of 1.07 and a debt-to-equity ratio of 129.98. The company has a 50-day moving average price of £151.02 and a 200-day moving average price of £139.96. NEXT has a 52 week low of £116.95 and a 52 week high of £161.75. The company has a market cap of £16.44 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04.

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

Insider Activity at NEXT

In other NEXT news, insider Jeni Mundy bought 160 shares of NEXT stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of £155.45 per share, for a total transaction of £24,872. 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.