NEXT (LON:NXT) Price Target Raised to £140.40 at JPMorgan Chase & Co.

NEXT (LON:NXT) had its target price raised by stock analysts at JPMorgan Chase & Co. from £130.30 to £140.40 in a note issued to investors on Thursday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 9.88% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Peel Hunt reiterated a “hold” rating and issued a £139 target price on shares of NEXT in a research note on Wednesday. Shore Capital Group reissued a “buy” rating and issued a £175 target price on shares of NEXT in a report on Thursday. Berenberg Bank reissued a “buy” rating and set a £180 price target on shares of NEXT in a report on Friday, May 15th. Finally, Citigroup cut their target price 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. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, NEXT has an average rating of “Hold” and a consensus price target of £153.55.

NEXT Stock Down 0.5%

Shares of NXT stock opened at £155.80 on Thursday. NEXT has a twelve month low of £112 and a twelve month high of £161.75. The company has a market capitalization of £17.78 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 5.66 and a beta of 1.04. 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 stock’s 50 day simple moving average is £144.28 and its 200 day simple moving average is £135.15.

Insider Activity at NEXT

In other news, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total transaction of £2,666,136.24. Company insiders own 1.66% 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.