NEXT plc (LON:NXT) Stock Has Consensus Target Price of £153.55 According to Analysts

Shares of NEXT plc (LON:NXT) have received an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is £153.55.

A number of brokerages have weighed in on NXT. Peel Hunt reaffirmed a “hold” rating and set a £139 target price on shares of NEXT in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a £140 price target on shares of NEXT in a research report on Thursday, August 6th. Shore Capital Group restated a “buy” rating and set a £175 price target on shares of NEXT in a research note on Thursday, September 17th. JPMorgan Chase & Co. lifted their price objective on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Berenberg Bank restated a “buy” rating and issued a £187 price objective on shares of NEXT in a report on Friday, September 18th.

Insider Transactions at NEXT

In other NEXT news, insider Jeni Mundy bought 160 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of £155.45 per share, for a total transaction of £24,872. 1.49% of the stock is currently owned by insiders.

NEXT Price Performance

NEXT stock opened at £150.60 on Thursday. The company has a debt-to-equity ratio of 129.98, a current ratio of 1.55 and a quick ratio of 1.07. The stock has a market cap of £17.19 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 5.66 and a beta of 1.07. The firm has a 50-day moving average of £149.76 and a two-hundred day moving average of £142.09. NEXT has a 1 year low of £116.95 and a 1 year high of £161.75.

NEXT (LON:NXT) last posted its quarterly earnings results on Thursday, September 17th. The company reported GBX 364.30 earnings per share for the quarter. NEXT had a net margin of 12.89% and a return on equity of 58.63%. On average, research analysts forecast that NEXT will post 660.75 earnings per share for the current year.

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.