Jefferies Financial Group Reaffirms Hold Rating for NEXT (LON:NXT)

NEXT (LON:NXT)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a £158 price objective on the stock. Jefferies Financial Group‘s target price points to a potential upside of 2.03% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Peel Hunt reaffirmed a “hold” rating and issued a £139 target price on shares of NEXT in a research report on Wednesday, August 5th. Berenberg Bank reaffirmed a “buy” rating and set a £187 price target on shares of NEXT in a research note on Friday, September 18th. JPMorgan Chase & Co. boosted their price objective on NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a £140 price objective on shares of NEXT in a research note on Thursday, August 6th. Finally, Citigroup upped their price objective on NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, NEXT presently has a consensus rating of “Hold” and an average price target of £155.80.

NEXT Trading Down 3.2%

Shares of NXT opened at £154.85 on Thursday. NEXT has a 12 month low of £116.95 and a 12 month high of £161.75. The stock’s 50-day moving average is £149.47 and its two-hundred day moving average is £140.18. 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 £17.68 billion, a PE ratio of 19.70, a P/E/G ratio of 5.66 and a beta of 1.07.

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

Insider Activity

In other news, insider Jeni Mundy purchased 160 shares of the business’s stock in a transaction dated 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 owned by corporate 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.