NEXT’s (NXT) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group reissued their buy rating on shares of NEXT (LON:NXT) in a research report released on Thursday morning, Marketbeat Ratings reports.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of NEXT in a research report on Wednesday, January 7th. Jefferies Financial Group reiterated a “hold” rating and set a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th. Finally, UBS Group reiterated a “buy” rating and issued a £152 price target on shares of NEXT in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of £142.26.

NEXT Stock Down 1.7%

NXT stock opened at £123.30 on Thursday. NEXT has a fifty-two week low of £105.90 and a fifty-two week high of £146.40. The company has a market capitalization of £14.27 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 5.66 and a beta of 1.13. The business’s 50 day moving average price is £129.78 and its two-hundred day moving average price is £132.45. The company has a debt-to-equity ratio of 72.70, a quick ratio of 1.07 and a current ratio of 1.76.

NEXT (LON:NXT) last released its earnings results on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. As a group, analysts forecast that NEXT will post 660.7526882 earnings per share for the current fiscal year.

NEXT News Summary

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating and set a £180 price target — a clear vote of confidence that supports upside potential. Berenberg rating / TickerReport
• Positive Sentiment: UBS reiterated a “buy” rating on NEXT, reinforcing broker support from another major house. UBS reiterates buy / AmericanBankingNews
• Positive Sentiment: Shore Capital also reaffirmed a “buy” rating — multiple broker confirmations increase the credibility of consensus bullish views. Shore Capital rating / Digital Look
• Positive Sentiment: Quarterly results showed a strong quarter: GBX 760.10 EPS, net margin 12.28% and ROE 35.14% — fundamentals that typically support the share price. NEXT quarterly results / MarketBeat
• Neutral Sentiment: Two unrelated “NXT” wrestling items appeared in feeds (MSN); they are noise and unlikely to affect Next plc’s stock. Wrestling NXT article 1 / MSN
• Neutral Sentiment: Additional WWE NXT preview article — unrelated to the company. Wrestling NXT article 2 / MSN
• Negative Sentiment: Despite positives, selling pressure appears driven by technicals and liquidity: the share price is below both its 50-day (£130.07) and 200-day (£132.37) moving averages, trading volume is well below average, and investors may be trimming positions after the strong EPS print. Valuation signals (PEG ~5.7) and a high reported debt-to-equity (117.05) could also be weighing on sentiment.

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.