NEXT plc (LON:NXT) Given Consensus Recommendation of “Hold” by Brokerages

NEXT plc (LON:NXT) has earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is £140.97.

Several equities analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a £180 price target on shares of NEXT in a research report on Friday, May 15th. Shore Capital Group restated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. Citigroup decreased their target price on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group reaffirmed a “buy” rating and set a £152 target price on shares of NEXT in a report on Wednesday, March 25th.

NEXT Price Performance

LON:NXT traded up GBX 115 during midday trading on Tuesday, hitting £145.55. 22,489,410 shares of the stock were exchanged, compared to its average volume of 5,572,007. NEXT has a one year low of £112 and a one year high of £148.80. The company has a market capitalization of £16.61 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 5.66 and a beta of 1.04. The business has a 50-day moving average price of £135.79 and a two-hundred day moving average price of £133.50. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79.

Insider Activity at NEXT

In other NEXT news, insider Amy Stirling acquired 375 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of £133.06 per share, with a total value of £49,897.50. Also, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total transaction of £2,666,136.24. Insiders own 1.66% of the company’s stock.

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.