NEXT (LON:NXT) Earns Buy Rating from Berenberg Bank

NEXT (LON:NXT)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report issued on Friday, London Stock Exchange reports. They presently have a £187 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 30.27% from the company’s current price.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price objective on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a £140 target price on shares of NEXT in a report on Thursday, August 6th. Peel Hunt reissued a “hold” rating and issued a £139 price target on shares of NEXT in a research note on Wednesday, August 5th. Citigroup raised their price target on shares of NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Shore Capital Group restated a “buy” rating and set a £175 price target on shares of NEXT in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of £153.55.

NEXT Price Performance

Shares of NEXT stock opened at £143.55 on Friday. The business has a 50 day simple moving average of £151.21 and a two-hundred day simple moving average of £139.61. NEXT has a 12 month low of £116.15 and a 12 month high of £161.75. The stock has a market capitalization of £16.39 billion, a P/E ratio of 19.26, a PEG ratio of 5.66 and a beta of 1.04. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

NEXT (LON:NXT) last issued its quarterly 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 52.86% and a net margin of 12.87%. As a group, analysts predict that NEXT will post 660.7526882 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeni Mundy purchased 160 shares of NEXT stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of £155.45 per share, for a total transaction of £24,872. Also, insider Jonathan Blanchard sold 18,012 shares of NEXT 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. 1.47% of the stock is owned by company insiders.

Trending Headlines about NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: NEXT reported quarterly EPS of 364.30 pence, alongside a strong 52.86% return on equity and 12.87% net margin. These figures reinforce the retailer’s robust earnings-generation and profitability profile. NEXT earnings report and conference call
• Positive Sentiment: Shore Capital reaffirmed its Buy recommendation and set a £175 price target, signaling continued confidence in NEXT’s outlook and potential upside. Shore Capital rating update

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.