NEXT’s (NXT) “Buy” Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of NEXT (LON:NXT) in a research note published on Wednesday, MarketBeat reports. They currently have a £152 price target on the stock.

NXT has been the topic of a number of other research reports. Shore Capital Group reiterated a “hold” rating on shares of NEXT in a research report on Wednesday, March 11th. Peel Hunt restated a “hold” rating and issued a £130 price objective on shares of NEXT in a research report on Tuesday, November 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a £140 target price on shares of NEXT in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of £142.26.

NEXT Trading Down 1.7%

NXT stock opened at £123.30 on Wednesday. The company’s 50-day simple moving average is £129.78 and its 200-day simple moving average is £132.38. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 72.70. NEXT has a 52-week low of £105.90 and a 52-week high of £146.40. The firm has a market cap of £14.27 billion, a P/E ratio of 18.69, a PEG ratio of 5.66 and a beta of 1.13.

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

Trending Headlines about NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating and set a £180 price target — a clear vote of confidence that supports upside potential. Berenberg rating / TickerReport
• Positive Sentiment: UBS reiterated a “buy” rating on NEXT, reinforcing broker support from another major house. UBS reiterates buy / AmericanBankingNews
• Positive Sentiment: Shore Capital also reaffirmed a “buy” rating — multiple broker confirmations increase the credibility of consensus bullish views. Shore Capital rating / Digital Look
• Positive Sentiment: Quarterly results showed a strong quarter: GBX 760.10 EPS, net margin 12.28% and ROE 35.14% — fundamentals that typically support the share price. NEXT quarterly results / MarketBeat
• Neutral Sentiment: Two unrelated “NXT” wrestling items appeared in feeds (MSN); they are noise and unlikely to affect Next plc’s stock. Wrestling NXT article 1 / MSN
• Neutral Sentiment: Additional WWE NXT preview article — unrelated to the company. Wrestling NXT article 2 / MSN
• Negative Sentiment: Despite positives, selling pressure appears driven by technicals and liquidity: the share price is below both its 50-day (£130.07) and 200-day (£132.37) moving averages, trading volume is well below average, and investors may be trimming positions after the strong EPS print. Valuation signals (PEG ~5.7) and a high reported debt-to-equity (117.05) could also be weighing on sentiment.

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.