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

Shares of NEXT plc (LON:NXT) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, 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 1 year price target among brokers that have updated their coverage on the stock in the last year is £153.55.

NXT has been the subject of several research analyst reports. Berenberg Bank lifted their price objective on NEXT from £180 to £187 and gave the company a “buy” rating in a research note on Thursday, August 6th. Shore Capital Group restated a “buy” rating and issued a £175 target price on shares of NEXT in a research note on Thursday, August 6th. Peel Hunt reaffirmed a “hold” rating and issued a £139 price target on shares of NEXT in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a £140 price objective on shares of NEXT in a report on Thursday, August 6th.

Insider Activity at NEXT

In related news, insider Jeni Mundy purchased 160 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of £155.45 per share, with a total value of £24,872. Also, insider Jonathan Blanchard sold 18,012 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total transaction of £2,666,136.24. Insiders own 1.65% of the company’s stock.

NEXT Trading Down 0.3%

NEXT stock opened at £155.90 on Wednesday. The stock has a market cap of £17.80 billion, a P/E ratio of 20.91, a PEG ratio of 5.66 and a beta of 1.04. NEXT has a fifty-two week low of £112 and a fifty-two week high of £161.75. The firm’s fifty day moving average price is £149.03 and its 200-day moving average price is £137.03. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76.

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.