NEXT plc (LON:NXT) Receives £142.26 Average Price Target from Analysts

Shares of NEXT plc (LON:NXT) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is £142.26.

Several research firms have recently weighed in on NXT. Shore Capital Group restated a “buy” rating on shares of NEXT in a report on Thursday, March 26th. Jefferies Financial Group reiterated a “hold” rating and set a £140 target price on shares of NEXT in a research report on Wednesday, January 7th. Berenberg Bank reissued a “buy” rating and set a £180 target price on shares of NEXT in a report on Friday, March 27th. JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a research report on Wednesday, January 7th. Finally, UBS Group reaffirmed a “buy” rating and set a £152 price target on shares of NEXT in a research note on Wednesday, March 25th.

NEXT Stock Performance

NEXT stock opened at £126.75 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79. The stock has a market cap of £14.67 billion, a PE ratio of 19.21, a P/E/G ratio of 5.66 and a beta of 1.13. NEXT has a 12-month low of £105.90 and a 12-month high of £146.40. The business’s 50-day moving average price is £129.28 and its two-hundred day moving average price is £132.61.

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

NEXT Company Profile

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.