NEXT (LON:NXT) had its price objective boosted by Morgan Stanley from GBX 3,400 ($41.84) to GBX 3,650 ($44.92) in a research note published on Thursday morning, Digital Look reports. They currently have an equal weight rating on the stock.
Several other research firms have also recently weighed in on NXT. Royal Bank of Canada boosted their price objective on NEXT from GBX 5,500 ($67.68) to GBX 5,700 ($70.15) and gave the stock a sector performer rating in a research report on Monday, July 20th. Liberum Capital reissued a buy rating on shares of NEXT in a research report on Thursday, April 30th. Goldman Sachs Group cut NEXT to a sell rating and cut their price objective for the stock from GBX 5,300 ($65.22) to GBX 4,400 ($54.15) in a research report on Friday, July 3rd. Credit Suisse Group boosted their price objective on NEXT from GBX 4,150 ($51.07) to GBX 4,500 ($55.38) and gave the stock an underperform rating in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group boosted their target price on NEXT from GBX 5,300 ($65.22) to GBX 5,900 ($72.61) and gave the company a hold rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. NEXT currently has an average rating of Hold and an average target price of GBX 5,310.14 ($65.35).
NXT stock opened at GBX 5,450 ($67.07) on Thursday. The stock’s fifty day simple moving average is GBX 4,988.30 and its two-hundred day simple moving average is GBX 5,310.98. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 565.39. NEXT has a 1-year low of GBX 48.36 ($0.60) and a 1-year high of GBX 7,358 ($90.55). The stock has a market cap of $7.25 billion and a P/E ratio of 11.63.
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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