NEXT plc (LON:NXT) Receives £140.54 Average Target Price from Brokerages

Shares of NEXT plc (LON:NXT) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is £140.54.

NXT has been the subject of a number of analyst reports. Berenberg Bank increased their price objective on NEXT from £147 to £178 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Shore Capital Group lowered shares of NEXT to a “hold” rating and raised their price objective for the stock from £140 to £147.50 in a report on Tuesday, November 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th. Peel Hunt restated a “hold” rating and issued a £130 price target on shares of NEXT in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group restated a “hold” rating and set a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th.

NEXT Stock Up 0.6%

Shares of LON:NXT opened at £129 on Friday. The stock’s 50-day moving average price is £136.42 and its 200-day moving average price is £130.70. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. NEXT has a 12-month low of GBX 9,545.20 and a 12-month high of £146.40. The stock has a market capitalization of £14.99 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37.

Insiders Place Their Bets

In other NEXT news, insider Jeremy Stakol bought 186 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was acquired at an average price of GBX 3,869 per share, with a total value of £7,196.34. Company insiders own 1.60% of the company’s stock.

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.