NEXT (LON:NXT) Earns “Buy” Rating from Berenberg Bank

NEXT (LON:NXT)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Friday,London Stock Exchange reports. They presently have a £180 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 45.16% from the company’s previous close.

A number of other research analysts have also recently commented on NXT. Citigroup cut their price target on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Shore Capital Group restated a “buy” rating on shares of NEXT in a research note on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating and set a £152 price target on shares of NEXT in a research note on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, NEXT has an average rating of “Hold” and an average target price of £140.98.

NEXT Stock Down 1.8%

LON NXT opened at £124 on Friday. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. The firm has a 50-day simple moving average of £129.23 and a 200 day simple moving average of £134.02. NEXT has a twelve month low of £112 and a twelve month high of £146.40. The stock has a market cap of £14.31 billion, a PE ratio of 16.64, a PEG ratio of 5.66 and a beta of 1.05.

NEXT (LON:NXT) last released its earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. On average, research analysts forecast that NEXT will post 660.7526882 EPS for the current year.

Insider Buying and Selling

In other NEXT news, insider Amy Stirling purchased 375 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of £133.06 per share, for a total transaction of £49,897.50. 1.60% of the stock is currently owned by corporate 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.