NEXT (LON:NXT) Stock Price Expected to Rise, Berenberg Bank Analyst Says

NEXT (LON:NXT) had its target price increased by equities researchers at Berenberg Bank from £180 to £187 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 20.03% from the company’s previous close.

Several other equities research analysts also recently weighed in on NXT. Citigroup decreased their price target on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research note on Thursday. Peel Hunt restated a “hold” rating and set a £139 price objective on shares of NEXT in a research report on Wednesday. Finally, Shore Capital Group restated a “buy” rating and issued a £175 target price on shares of NEXT in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, NEXT has a consensus rating of “Hold” and a consensus target price of £153.55.

NEXT Trading Down 0.5%

Shares of NXT stock opened at £155.80 on Thursday. The company has a market capitalization of £17.78 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The business’s 50 day moving average is £144.28 and its two-hundred day moving average is £135.15. NEXT has a twelve month low of £112 and a twelve month high of £161.75.

Insider Buying and Selling at NEXT

In other news, insider Jonathan Blanchard sold 18,012 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. 1.66% of the stock is currently owned by company 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.