NEXT plc (LON:NXT) Receives Consensus Rating of “Hold” from Analysts

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

NXT has been the topic of a number of recent analyst reports. Berenberg Bank upped their price objective on NEXT from £180 to £187 and gave the stock a “buy” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Shore Capital Group restated a “buy” rating and set a £175 target price on shares of NEXT in a research report on Thursday, August 6th. Peel Hunt reaffirmed a “hold” rating and set a £139 price target on shares of NEXT in a research note on Wednesday, August 5th. Finally, Citigroup upped their target price on shares of NEXT from £132 to £155 and gave the stock a “neutral” rating in a research report on Thursday, August 6th.

NEXT Price Performance

Shares of LON:NXT opened at £153.15 on Wednesday. NEXT has a 52 week low of £112 and a 52 week high of £161.75. The company has a 50-day moving average price of £150.26 and a 200 day moving average price of £137.99. The company has a market cap of £17.48 billion, a P/E ratio of 20.55, a PEG ratio of 5.66 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79.

Insider Activity at NEXT

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