NEXT plc (LON:NXT) Stock Has Average Price Target of £153.55

NEXT plc (LON:NXT) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is £153.55.

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

Insider Buying and Selling

In related news, insider Jeni Mundy acquired 160 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of £155.45 per share, with a total value of £24,872. 1.47% of the stock is currently owned by corporate insiders.

NEXT Trading Up 1.8%

NXT opened at £146.55 on Friday. The firm has a market cap of £16.73 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. NEXT has a 52 week low of £116.95 and a 52 week high of £161.75. The business’s 50 day moving average is £150.85 and its two-hundred day moving average is £140.10. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 129.98.

NEXT (LON:NXT) last posted its quarterly earnings data on Thursday, September 17th. The company reported GBX 364.30 earnings per share for the quarter. NEXT had a return on equity of 58.63% and a net margin of 12.89%. On average, research analysts predict that NEXT will post 660.7526882 EPS for the current year.

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.