NEXT (LON:NXT) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of NEXT (LON:NXT) in a report released on Friday morning,London Stock Exchange reports. Berenberg Bank currently has a £180 price objective on the stock.

NXT has been the topic of several other research reports. Jefferies Financial Group reissued a “hold” rating and set a £140 target price on shares of NEXT in a research report on Wednesday, January 7th. JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a research report on Wednesday, January 7th. Shore Capital Group reaffirmed a “buy” rating on shares of NEXT in a research note on Thursday. Finally, UBS Group reiterated a “buy” rating and set a £152 price objective on shares of NEXT in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of £142.26.

NEXT Stock Down 1.7%

Shares of LON NXT opened at £123.30 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 72.70. NEXT has a 12-month low of £105.90 and a 12-month high of £146.40. The firm’s 50-day moving average price is £129.78 and its 200-day moving average price is £132.38. The stock has a market capitalization of £14.27 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 5.66 and a beta of 1.13.

NEXT (LON:NXT) last released its quarterly earnings results on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. On average, equities research analysts anticipate that NEXT will post 660.7526882 EPS for the current fiscal year.

Key Headlines Impacting NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating and set a £180 price target — a clear vote of confidence that supports upside potential. Berenberg rating / TickerReport
• Positive Sentiment: UBS reiterated a “buy” rating on NEXT, reinforcing broker support from another major house. UBS reiterates buy / AmericanBankingNews
• Positive Sentiment: Shore Capital also reaffirmed a “buy” rating — multiple broker confirmations increase the credibility of consensus bullish views. Shore Capital rating / Digital Look
• Positive Sentiment: Quarterly results showed a strong quarter: GBX 760.10 EPS, net margin 12.28% and ROE 35.14% — fundamentals that typically support the share price. NEXT quarterly results / MarketBeat
• Neutral Sentiment: Two unrelated “NXT” wrestling items appeared in feeds (MSN); they are noise and unlikely to affect Next plc’s stock. Wrestling NXT article 1 / MSN
• Neutral Sentiment: Additional WWE NXT preview article — unrelated to the company. Wrestling NXT article 2 / MSN
• Negative Sentiment: Despite positives, selling pressure appears driven by technicals and liquidity: the share price is below both its 50-day (£130.07) and 200-day (£132.37) moving averages, trading volume is well below average, and investors may be trimming positions after the strong EPS print. Valuation signals (PEG ~5.7) and a high reported debt-to-equity (117.05) could also be weighing on sentiment.

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.