NEXT’s (NXT) Hold Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their hold rating on shares of NEXT (LON:NXT) in a report released on Wednesday, MarketBeat.com reports.

Several other equities analysts also recently weighed in on NXT. Peel Hunt reissued a “hold” rating and set a £130 target price on shares of NEXT in a research report on Tuesday, November 25th. JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a £140 price objective on shares of NEXT in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of £140.54.

NEXT Trading Up 0.7%

Shares of NXT stock opened at £128.50 on Wednesday. The company has a market cap of £14.87 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 5.66 and a beta of 1.13. NEXT has a 1 year low of GBX 9,545.20 and a 1 year high of £146.40. The stock’s 50 day simple moving average is £133.23 and its two-hundred day simple moving average is £132.16. The company has a debt-to-equity ratio of 117.05, a current ratio of 1.74 and a quick ratio of 1.07.

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.