NEXT (LON:NXT) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

NEXT (LON:NXT)‘s stock had its “buy” rating restated by Berenberg Bank in a report released on Friday, September 18th, MarketBeat reports. They currently have a £187 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 28.26% from the stock’s current price.

Several other research firms have also weighed in on NXT. Shore Capital Group restated a “buy” rating and set a £175 target price on shares of NEXT in a report on Thursday, September 17th. Citigroup upped their target price on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Peel Hunt restated a “hold” rating and issued a £139 price objective on shares of NEXT in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a £140 price target on shares of NEXT in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of £153.55.

NEXT Stock Performance

Shares of NXT stock opened at £145.80 on Friday. NEXT has a 52 week low of £116.95 and a 52 week high of £161.75. The company has a market cap of £16.64 billion, a P/E ratio of 19.56, a PEG ratio of 5.66 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 129.98. The business has a 50 day moving average of £150.90 and a two-hundred day moving average of £140.05.

NEXT (LON:NXT) last released its quarterly earnings results on Thursday, September 17th. The company reported GBX 364.30 earnings per share for the quarter. NEXT had a return on equity of 58.63% and a net margin of 12.89%. As a group, analysts anticipate that NEXT will post 660.7526882 EPS for the current year.

Insider Buying and Selling at NEXT

In related news, insider Jeni Mundy acquired 160 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of £155.45 per share, for a total transaction of £24,872. 1.47% of the stock is currently owned by corporate insiders.

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.