NEXT plc (LON:NXT) Receives Average Recommendation of “Hold” from Analysts

NEXT plc (LON:NXT) has received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is £140.98.

A number of analysts have recently issued reports on the company. Berenberg Bank restated a “buy” rating and issued a £180 target price on shares of NEXT in a report on Friday, May 15th. UBS Group restated a “buy” rating and issued a £152 target price on shares of NEXT in a report on Wednesday, March 25th. Citigroup reduced their target price on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Finally, Shore Capital Group restated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th.

NEXT Stock Performance

NXT opened at £142.15 on Friday. The firm has a market cap of £16.23 billion, a PE ratio of 19.07, a P/E/G ratio of 5.66 and a beta of 1.05. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79. The business has a fifty day simple moving average of £132.44 and a 200-day simple moving average of £132.85. NEXT has a fifty-two week low of £112 and a fifty-two week high of £146.40.

NEXT (LON:NXT) last released 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 analysts predict that NEXT will post 660.7526882 EPS for the current fiscal year.

Insider Activity

In other NEXT news, insider Amy Stirling bought 375 shares of NEXT stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of £133.06 per share, for a total transaction of £49,897.50. 1.66% of the stock is owned by 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.