NEXT’s (NXT) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group restated their buy rating on shares of NEXT (LON:NXT) in a research note released on Wednesday morning,Digital Look reports.

Other equities analysts have also issued reports about the stock. Citigroup reduced 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. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th. UBS Group reiterated a “buy” rating and issued a £152 price objective on shares of NEXT in a research note on Wednesday, March 25th. Jefferies Financial Group reiterated a “hold” rating and issued a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th. Finally, Berenberg Bank reiterated a “buy” rating and issued a £180 price objective on shares of NEXT in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of £140.98.

NEXT Trading Down 0.1%

LON NXT opened at £131.85 on Wednesday. The company has a fifty day simple moving average of £129.76 and a two-hundred day simple moving average of £134.18. The stock has a market cap of £15.21 billion, a P/E ratio of 17.69, a P/E/G ratio of 5.66 and a beta of 1.05. NEXT has a 12-month low of £112 and a 12-month high of £146.40. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79.

NEXT (LON:NXT) last posted its quarterly 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%. On average, analysts forecast that NEXT will post 660.7526882 earnings per share for the current year.

Insider Transactions at NEXT

In other news, insider Amy Stirling bought 375 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of £133.06 per share, with a total value of £49,897.50. Insiders own 1.60% 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.