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

NEXT (LON:NXT)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued on Friday,London Stock Exchange reports. They presently have a £180 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 45.16% from the stock’s previous close.

A number of other research firms have also recently issued reports on NXT. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a research note on Wednesday, May 6th. Citigroup cut their target price on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group reiterated a “buy” rating and issued a £152 target price on shares of NEXT in a research note on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, NEXT has an average rating of “Hold” and a consensus price target of £140.98.

NEXT Stock Performance

LON:NXT opened at £124 on Friday. NEXT has a 1 year low of £112 and a 1 year high of £146.40. The firm has a 50 day moving average of £129.23 and a 200-day moving average of £134.02. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The stock has a market capitalization of £14.31 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 5.66 and a beta of 1.05.

NEXT (LON:NXT) last posted its earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share (EPS) for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. As a group, sell-side analysts anticipate that NEXT will post 660.7526882 EPS for the current fiscal year.

Insider Buying and Selling at NEXT

In related news, insider Amy Stirling purchased 375 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of £133.06 per share, with a total value of £49,897.50. 1.60% of the stock is currently owned by corporate insiders.

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.