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

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

NXT has been the subject of a number of recent analyst reports. Berenberg Bank restated a “buy” rating and issued a £180 price objective on shares of NEXT in a research report on Friday, May 15th. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. Citigroup lowered 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, UBS Group reiterated a “buy” rating and set a £152 target price on shares of NEXT in a report on Wednesday, March 25th.

NEXT Price Performance

NXT opened at £130.95 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.76 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 company has a fifty day simple moving average of £128.99 and a 200 day simple moving average of £133.56. The stock has a market cap of £15.11 billion, a P/E ratio of 17.57, a P/E/G ratio of 5.66 and a beta of 1.05.

NEXT (LON:NXT) last released its quarterly earnings data on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. On average, research analysts expect that NEXT will post 660.7526882 EPS for the current year.

Insider Transactions at NEXT

In other news, insider Amy Stirling bought 375 shares of the stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of £133.06 per share, for a total transaction of £49,897.50. Company insiders own 1.60% 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.