NEXT (LON:NXT) had its price target boosted by Jefferies Financial Group from GBX 5,300 ($65.22) to GBX 5,900 ($72.61) in a report issued on Thursday morning, Stock Target Advisor reports. Jefferies Financial Group currently has a hold rating on the stock.
A number of other equities analysts have also commented on NXT. HSBC raised shares of NEXT to a buy rating and dropped their price target for the company from GBX 7,050 ($86.76) to GBX 5,570 ($68.55) in a research report on Friday, May 1st. Royal Bank of Canada raised their price objective on shares of NEXT from GBX 5,500 ($67.68) to GBX 5,700 ($70.15) and gave the stock a sector performer rating in a research note on Monday, July 20th. Goldman Sachs Group downgraded shares of NEXT to a sell rating and lowered their price objective for the stock from GBX 5,300 ($65.22) to GBX 4,400 ($54.15) in a research note on Friday, July 3rd. JPMorgan Chase & Co. decreased their price target on shares of NEXT from GBX 5,700 ($70.15) to GBX 4,900 ($60.30) and set a neutral rating on the stock in a research note on Monday, May 18th. Finally, Peel Hunt reiterated a buy rating on shares of NEXT in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 5,310.14 ($65.35).
LON:NXT opened at GBX 5,450 ($67.07) on Thursday. NEXT has a 12 month low of GBX 48.36 ($0.60) and a 12 month high of GBX 7,358 ($90.55). The firm has a market cap of $7.25 billion and a price-to-earnings ratio of 11.63. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 565.39. The company’s 50 day moving average is GBX 4,988.30 and its 200-day moving average is GBX 5,310.98.
NEXT Company Profile
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.
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