NEXT plc (LON:NXT) Stock Rated “Hold” by Wall Street Brokerages

Shares of NEXT plc (LON:NXT) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is £155.80.

A number of analysts recently issued reports on NXT shares. Citigroup increased their price target on shares of NEXT from £132 to £155 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a £140 price objective on shares of NEXT in a research report on Thursday, August 6th. Jefferies Financial Group reissued a “hold” rating and set a £158 target price on shares of NEXT in a research note on Thursday. Peel Hunt restated a “hold” rating and set a £139 target price on shares of NEXT in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research report on Thursday, August 6th.

NEXT Trading Down 0.0%

NEXT stock opened at £154.80 on Monday. The company has a debt-to-equity ratio of 129.98, a quick ratio of 1.07 and a current ratio of 1.55. The stock has a market cap of £17.67 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 5.66 and a beta of 1.07. The stock has a 50-day moving average of £149.47 and a two-hundred day moving average of £140.18. NEXT has a one year low of £116.95 and a one year high of £161.75.

NEXT (LON:NXT) last released its earnings results on Thursday, September 17th. The company reported GBX 364.30 earnings per share (EPS) for the quarter. NEXT had a return on equity of 58.63% and a net margin of 12.89%. On average, research analysts anticipate that NEXT will post 660.75 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeni Mundy purchased 160 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of £155.45 per share, with a total value of £24,872. Company insiders own 1.49% of the company’s stock.

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.