NEXT (LON:NXT) Given New £155 Price Target at Citigroup

NEXT (LON:NXT) had its price objective lifted by equities researchers at Citigroup from £132 to £155 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential downside of 0.51% from the company’s previous close.

A number of other equities analysts also recently weighed in on NXT. Berenberg Bank boosted their price target on shares of NEXT from £180 to £187 and gave the stock a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a £140 target price on shares of NEXT in a research report on Thursday. Peel Hunt reissued a “hold” rating and issued a £139 target price on shares of NEXT in a research note on Wednesday. Shore Capital Group reissued a “buy” rating and issued a £175 price target on shares of NEXT in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of £153.55.

NEXT Stock Down 0.5%

Shares of LON:NXT opened at £155.80 on Thursday. NEXT has a 1 year low of £112 and a 1 year high of £161.75. The company has a market capitalization of £17.78 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. The business has a fifty day moving average price of £144.28 and a two-hundred day moving average price of £135.15. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

Insider Transactions at NEXT

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of £148.02, for a total transaction of £2,666,136.24. Insiders own 1.66% 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.