NEXT plc (LON:NXT) Receives £140.63 Average PT from Analysts

NEXT plc (LON:NXT) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is £140.63.

A number of brokerages have commented on NXT. Peel Hunt restated a “hold” rating and set a £130 price target on shares of NEXT in a research note on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price on NEXT from £117 to £130.30 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price target on NEXT from £108 to £116 and gave the company a “hold” rating in a research note on Tuesday, August 26th. UBS Group reiterated a “buy” rating and set a £142 price objective on shares of NEXT in a research note on Friday, September 5th. Finally, Shore Capital cut NEXT to a “hold” rating and lifted their price objective for the company from £140 to £147.50 in a report on Tuesday, November 4th.

Insider Buying and Selling

In related news, insider Richard Papp sold 2,518 shares of NEXT stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of £140.44, for a total transaction of £353,627.92. Also, insider Wolfson Aspley Guise sold 50,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of £145.20, for a total transaction of £7,260,000. 1.60% of the stock is currently owned by corporate insiders.

NEXT Trading Down 0.2%

Shares of NXT stock opened at £136.20 on Friday. The firm has a fifty day moving average of £137.67 and a 200-day moving average of £127.59. The stock has a market cap of £15.83 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 5.66 and a beta of 1.37. NEXT has a 52-week low of GBX 9,028 and a 52-week high of £146.40. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68.

NEXT (LON:NXT) last issued its earnings results on Thursday, September 18th. The company reported GBX 324.20 earnings per share for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. On average, equities research analysts forecast that NEXT will post 660.7526882 earnings per share for the current fiscal 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.