NEXT plc (LON:NXT) Given Average Rating of “Hold” by Brokerages

Shares of NEXT plc (LON:NXT) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is £140.98.

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

Insider Activity at NEXT

In other NEXT news, insider Amy Stirling acquired 375 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of £133.06 per share, for a total transaction of £49,897.50. Corporate insiders own 1.66% of the company’s stock.

NEXT Trading Down 1.0%

Shares of LON:NXT opened at £142.90 on Friday. The company has a market capitalization of £16.31 billion, a PE ratio of 19.17, a P/E/G ratio of 5.66 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. NEXT has a 12-month low of £112 and a 12-month high of £146.40. The business’s fifty day simple moving average is £133.03 and its 200-day simple moving average is £132.88.

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

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.