NEXT plc (LON:NXT) Receives Consensus Rating of “Hold” from Brokerages

NEXT plc (LON:NXT) has been given an average rating of “Hold” by the eight research firms that are 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 twelve-month price target among brokerages that have issued ratings on the stock in the last year is £140.98.

A number of analysts have recently weighed in on NXT shares. Citigroup lowered their price target on shares of NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. UBS Group restated a “buy” rating and issued a £152 price target on shares of NEXT in a report on Wednesday, March 25th. Shore Capital Group restated a “buy” rating on shares of NEXT in a research note on Wednesday, May 6th. Finally, Berenberg Bank restated a “buy” rating and issued a £180 target price on shares of NEXT in a research note on Friday, May 15th.

NEXT Price Performance

Shares of NXT stock opened at £142.05 on Friday. NEXT has a 1-year low of £112 and a 1-year high of £146.40. The stock’s 50-day moving average is £131.66 and its 200 day moving average is £132.76. The company has a market cap of £16.22 billion, a P/E ratio of 19.06, a PEG ratio of 5.66 and a beta of 1.05. 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 data on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. Research analysts predict that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NEXT news, insider Amy Stirling acquired 375 shares of the stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of £133.06 per share, with a total value of £49,897.50. 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.