NEXT’s (NXT) Hold Rating Reiterated at Peel Hunt

NEXT (LON:NXT)‘s stock had its “hold” rating restated by investment analysts at Peel Hunt in a research note issued to investors on Wednesday,Digital Look reports. They presently have a £139 price objective on the stock. Peel Hunt’s target price points to a potential downside of 10.81% from the company’s previous close.

Several other brokerages have also recently weighed in on NXT. Shore Capital Group reissued a “buy” rating and set a £150 price objective on shares of NEXT in a report on Wednesday, July 29th. Citigroup lowered their price target on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Finally, Berenberg Bank reissued a “buy” rating and set a £180 price target on shares of NEXT in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of £142.41.

NEXT Trading Up 5.2%

Shares of NXT traded up GBX 775 during trading hours on Wednesday, hitting £155.85. 3,409,597 shares of the stock traded hands, compared to its average volume of 4,706,597. The business has a fifty day moving average of £143.78 and a 200-day moving average of £135.03. The firm has a market capitalization of £17.79 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. NEXT has a 1-year low of £112 and a 1-year high of £161.75. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79.

Insider Buying and Selling at NEXT

In related news, insider Amy Stirling acquired 375 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired 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 dated 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 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.