Shore Capital Group Reaffirms “Hold” Rating for NEXT (LON:NXT)

NEXT (LON:NXT)‘s stock had its “hold” rating reissued by stock analysts at Shore Capital Group in a research note issued on Wednesday,London Stock Exchange reports.

Several other equities analysts have also issued reports on NXT. JPMorgan Chase & Co. reissued a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th. Peel Hunt reiterated a “hold” rating and set a £130 price target on shares of NEXT in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group reissued a “hold” rating and set a £140 price target on shares of NEXT in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of £140.54.

NEXT Stock Performance

Shares of NXT remained flat at £127.80 during midday trading on Wednesday. The stock had a trading volume of 468,723 shares, compared to its average volume of 2,389,494. NEXT has a 1-year low of GBX 9,545.20 and a 1-year high of £146.40. The stock’s 50-day moving average is £133.73 and its two-hundred day moving average is £132.17. The firm has a market cap of £14.79 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 5.66 and a beta of 1.13. The company has a current ratio of 1.74, a quick ratio of 1.07 and a debt-to-equity ratio of 117.05.

More NEXT News

Here are the key news stories impacting NEXT this week:

• Neutral Sentiment: Stand & Deliver updates: WWE’s NXT announced tag-team tournament plans and teases for the Stand & Deliver event, signalling programming build-up but unrelated to NEXT plc. NXT Stand & Deliver Updates: Tag Team Tournament Announced & More Teased
• Neutral Sentiment: Booker T Appreciation Night & steel-cage title match added to an upcoming NXT episode — more TV content for WWE’s NXT brand, not connected to NEXT plc’s retail business. Booker T Appreciation Night, steel cage title match part of next WWE NXT lineup
• Neutral Sentiment: Major steel-cage title match formally announced for NXT — a programming/ratings item for WWE, with no evident tie to NEXT plc. Major Steel Cage Title Match Announced for WWE NXT
• Neutral Sentiment: Tony D’Angelo teases “Phase 2” of his NXT return after a recent win — wrestler storyline news, not company-relevant. Tony D’Angelo Announces ‘Phase 2’ of NXT Return After WWE Vengeance Day Win
• Neutral Sentiment: NXT books a major card for its trip to Houston next week, outlining a stronger live-event TV lineup — useful for WWE fans/ratings but not for NEXT plc fundamentals. NXT books a major card for its trip to Houston next week
• Neutral Sentiment: Coverage of an NXT performer speaking out against online bullying — a PR/social issue for the wrestling brand, not connected to NEXT plc. NXT star speaks out against online bullying
• Neutral Sentiment: Previews and opinion pieces (Vengeance Day fallout and Stand & Deliver card analysis) discuss creative direction for WWE NXT — editorial content with no direct implication for NEXT plc’s retail metrics. Figuring out the Stand & Deliver card following WWE NXT Vengeance Day | Column

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.