NEXT’s (NXT) Buy Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of NEXT (LON:NXT) in a report released on Wednesday morning,Digital Look reports. The brokerage currently has a £150 target price on the stock.

NXT has been the topic of several other research reports. Berenberg Bank reaffirmed a “buy” rating and set a £180 price target on shares of NEXT in a research note on Friday, May 15th. Citigroup lowered their price objective on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of £141.29.

NEXT Stock Down 2.6%

Shares of NXT opened at £148.45 on Wednesday. The business’s fifty day moving average price is £143.07 and its two-hundred day moving average price is £134.99. The firm has a market capitalization of £16.95 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 5.66 and a beta of 1.04. NEXT has a 52 week low of £112 and a 52 week high of £161.75. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76.

Insider Buying and Selling

In other NEXT news, insider Amy Stirling bought 375 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was bought at an average price of £133.06 per share, for a total transaction of £49,897.50. Also, insider Jonathan Blanchard sold 18,012 shares of the stock in a transaction on 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.

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.