NEXT plc (LON:NXT) Stock Has Consensus Price Target of £153.55

NEXT plc (LON:NXT) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is £153.55.

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a £140 price objective on shares of NEXT in a report on Thursday, August 6th. Citigroup upped their target price on shares of NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Berenberg Bank reaffirmed a “buy” rating and set a £187 price target on shares of NEXT in a research note on Friday, September 18th. Finally, Shore Capital Group reiterated a “buy” rating and issued a £175 price target on shares of NEXT in a report on Thursday, September 17th.

Insiders Place Their Bets

In related news, insider Jeni Mundy acquired 160 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of £155.45 per share, for a total transaction of £24,872. 1.47% of the stock is currently owned by corporate insiders.

NEXT Stock Performance

NXT stock opened at £146 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 129.98. The business’s fifty day simple moving average is £150.90 and its two-hundred day simple moving average is £140.05. NEXT has a twelve month low of £116.95 and a twelve month high of £161.75. The firm has a market cap of £16.67 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 5.66 and a beta of 1.04.

NEXT (LON:NXT) last released its earnings results on Thursday, September 17th. The company reported GBX 364.30 earnings per share for the quarter. NEXT had a return on equity of 58.63% and a net margin of 12.89%. Analysts predict that NEXT will post 660.7526882 earnings per share for the current year.

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.