Wolfson Aspley Guise Sells 20,272 Shares of NEXT (LON:NXT) Stock

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 20,272 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of £156.89, for a total value of £3,180,474.08.

NEXT Stock Down 0.2%

Shares of NXT stock traded down GBX 30 during trading hours on Friday, reaching £156.85. 427,103 shares of the company’s stock were exchanged, compared to its average volume of 4,631,718. NEXT plc has a 1 year low of £112 and a 1 year high of £161.75. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The stock has a market cap of £17.90 billion, a PE ratio of 21.04, a PEG ratio of 5.66 and a beta of 1.04. The stock’s fifty day moving average price is £145.28 and its two-hundred day moving average price is £135.41.

Key Stories Impacting NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg raised its price target from £180 to £187 and maintained a “buy” rating, indicating confidence in NEXT’s earnings outlook and potential upside. Broker ratings
• Positive Sentiment: Shore Capital reaffirmed its “buy” rating with a £175 price target, also pointing to further potential gains for the retailer. Broker ratings
• Neutral Sentiment: Citigroup raised its target from £132 to £155 but retained a “neutral” rating, while JPMorgan lifted its target from £130.30 to £140.40 and also remained neutral. Their targets remain below NEXT’s recent trading level, limiting the positive impact of the revisions. Broker views
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating with a £140 target, and Peel Hunt separately maintained its “hold” recommendation. The continued cautious ratings reinforce concerns that much of NEXT’s expected performance may already be reflected in the share price. Peel Hunt reaffirms Hold rating for NEXT
• Neutral Sentiment: Across the brokerage coverage cited, NEXT has an average “hold” rating. This balanced outlook helps explain the weaker share-price performance despite multiple target increases. NEXT given average Hold rating

Analyst Ratings Changes

Several equities analysts recently issued reports on NXT shares. Peel Hunt reiterated a “hold” rating and issued a £139 target price on shares of NEXT in a research note on Wednesday. Citigroup lifted their price objective on shares of NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a £140 target price on shares of NEXT in a research report on Thursday. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a £175 price target on shares of NEXT in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of £153.55.

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.