NEXT (LON:NXT) Earns Hold Rating from Deutsche Bank Aktiengesellschaft

NEXT (LON:NXT)‘s stock had its “hold” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday, MarketBeat Ratings reports. They presently have a £140 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential downside of 10.74% from the company’s previous close.

NXT has been the topic of several other research reports. Peel Hunt reissued a “hold” rating and issued a £139 target price on shares of NEXT in a report on Wednesday. Citigroup decreased their price objective on shares of NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Shore Capital Group reissued a “buy” rating and issued a £175 price objective on shares of NEXT in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a report on Thursday. Finally, Berenberg Bank lifted their target price on shares of NEXT from £180 to £187 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, NEXT presently has an average rating of “Hold” and an average price target of £153.55.

NEXT Stock Performance

LON NXT opened at £156.85 on Thursday. The business has a 50 day moving average price of £145.28 and a 200 day moving average price of £135.44. The company has a market capitalization of £17.90 billion, a P/E ratio of 21.04, a PEG ratio of 5.66 and a beta of 1.04. NEXT has a 1-year low of £112 and a 1-year high of £161.75. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

Insider Buying and Selling at NEXT

In other news, insider Jonathan Blanchard sold 18,012 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total value of £2,666,136.24. 1.65% of the stock is currently owned by company insiders.

NEXT News Roundup

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg raised its price target from £180 to £187 and maintained a “buy” rating, indicating confidence in NEXT’s earnings outlook and potential upside. Broker ratings
• Positive Sentiment: Shore Capital reaffirmed its “buy” rating with a £175 price target, also pointing to further potential gains for the retailer. Broker ratings
• Neutral Sentiment: Citigroup raised its target from £132 to £155 but retained a “neutral” rating, while JPMorgan lifted its target from £130.30 to £140.40 and also remained neutral. Their targets remain below NEXT’s recent trading level, limiting the positive impact of the revisions. Broker views
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating with a £140 target, and Peel Hunt separately maintained its “hold” recommendation. The continued cautious ratings reinforce concerns that much of NEXT’s expected performance may already be reflected in the share price. Peel Hunt reaffirms Hold rating for NEXT
• Neutral Sentiment: Across the brokerage coverage cited, NEXT has an average “hold” rating. This balanced outlook helps explain the weaker share-price performance despite multiple target increases. NEXT given average Hold rating

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.