NEXT plc (LON:NXT) Stock Has Consensus Target Price of £153.55

Shares of NEXT plc (LON:NXT) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is £155.80.

NXT has been the subject of several research reports. Berenberg Bank reissued a “buy” rating and issued a £187 price objective on shares of NEXT in a research report on Friday, September 18th. Jefferies Financial Group restated a “hold” rating and issued a £158 price target on shares of NEXT in a research report on Wednesday. Shore Capital Group restated a “buy” rating and set a £175 price objective on shares of NEXT in a report on Thursday, September 17th. Peel Hunt reissued a “hold” rating and set a £139 target price on shares of NEXT in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a £140 price target on shares of NEXT in a research note on Thursday, August 6th.

Insider Activity at NEXT

In other news, insider Jeni Mundy acquired 160 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of £155.45 per share, with a total value of £24,872. Corporate insiders own 1.49% of the company’s stock.

NEXT Trading Down 0.5%

Shares of LON:NXT opened at £151.75 on Thursday. NEXT has a 52-week low of £116.95 and a 52-week 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 company has a market cap of £17.32 billion, a P/E ratio of 19.30, a P/E/G ratio of 5.66 and a beta of 1.07. The stock’s 50-day moving average is £149.45 and its 200-day moving average is £143.

NEXT (LON:NXT) last released 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%. Equities research analysts predict that NEXT will post 660.75 earnings per share for the current year.

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.