UBS Group reiterated their buy rating on shares of NEXT (LON:NXT) in a research note released on Friday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also recently commented on the company. Berenberg Bank reiterated a hold rating and issued a GBX 4,100 ($53.57) price target on shares of NEXT in a research note on Monday, July 29th. Liberum Capital increased their price target on NEXT from GBX 6,100 ($79.71) to GBX 6,500 ($84.93) and gave the company a buy rating in a research note on Wednesday, July 31st. Goldman Sachs Group upgraded NEXT to a buy rating in a research note on Tuesday, August 13th. Peel Hunt reiterated a hold rating and issued a GBX 5,800 ($75.79) price target (up from GBX 5,600 ($73.17)) on shares of NEXT in a research note on Monday, July 29th. Finally, Royal Bank of Canada increased their price target on NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the company an outperform rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 5,655.56 ($73.90).
NEXT stock opened at GBX 6,022.88 ($78.70) on Friday. The stock has a 50-day moving average of GBX 5,809.40 and a two-hundred day moving average of GBX 5,592.18. The company has a debt-to-equity ratio of 233.24, a quick ratio of 1.26 and a current ratio of 1.83. NEXT has a one year low of GBX 3,970 ($51.88) and a one year high of GBX 6,218 ($81.25). The stock has a market cap of $8.02 billion and a PE ratio of 13.91.
NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
Further Reading: What does a market perform rating mean?
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