NEXT plc (LON:NXT) Stock Rated “Hold” by Wall Street Analysts

NEXT plc (LON:NXT) has received a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is £155.80.

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Shore Capital Group reiterated a “buy” rating and issued a £175 price target on shares of NEXT in a research note on Thursday, September 17th. Peel Hunt reiterated a “hold” rating and issued a £139 price target on shares of NEXT in a research note on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Berenberg Bank reissued a “buy” rating and issued a £187 price objective on shares of NEXT in a research report on Friday, September 18th.

NEXT Stock Down 0.0%

Shares of NXT opened at £154.80 on Monday. The company’s 50-day moving average price is £149.47 and its 200 day moving average price is £140.18. NEXT has a 12-month low of £116.95 and a 12-month high of £161.75. The company has a current ratio of 1.55, a quick ratio of 1.07 and a debt-to-equity ratio of 129.98. The firm has a market cap of £17.67 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 5.66 and a beta of 1.07.

NEXT (LON:NXT) last posted its 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, sell-side analysts forecast that NEXT will post 660.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jeni Mundy purchased 160 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of £155.45 per share, for a total transaction of £24,872. Insiders own 1.49% of the company’s stock.

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.