NEXT’s (NXT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of NEXT (LON:NXT) in a report published on Friday, MarketBeat Ratings reports. Berenberg Bank currently has a £187 price target on the stock.

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

NEXT Stock Performance

LON:NXT opened at £142.10 on Friday. The company has a fifty day simple moving average of £151.12 and a two-hundred day simple moving average of £139.67. The company has a market cap of £16.22 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth 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. NEXT has a 52 week low of £116.15 and a 52 week high of £161.75.

NEXT (LON:NXT) last posted its quarterly earnings data 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, equities analysts anticipate that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Insider Buying and Selling at NEXT

In other NEXT news, insider Jeni Mundy bought 160 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of £155.45 per share, with a total value of £24,872. Also, insider Jonathan Blanchard sold 18,012 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. Corporate insiders own 1.47% of the company’s stock.

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.