NEXT’s (NXT) Hold Rating Reiterated at Peel Hunt

Peel Hunt reissued their hold rating on shares of NEXT (LON:NXT) in a report published on Wednesday,Digital Look reports. The firm currently has a £139 target price on the stock.

Other equities research analysts have also issued research reports about the company. Citigroup lowered their target price on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Shore Capital Group reissued a “buy” rating and set a £150 price target on shares of NEXT in a research report on Wednesday, July 29th. Finally, Berenberg Bank restated a “buy” rating and issued a £180 price target on shares of NEXT in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of £153.55.

NEXT Trading Down 0.2%

LON:NXT opened at £156.85 on Wednesday. The business’s 50-day moving average is £145.28 and its two-hundred day moving average is £135.44. The firm has a market capitalization of £17.90 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. NEXT has a 12 month low of £112 and a 12 month high of £161.75. 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 Buying and Selling

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. 1.65% of the stock is owned by corporate insiders.

Trending Headlines about NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg raised its price target from £180 to £187 and maintained a “buy” rating, indicating confidence in NEXT’s earnings outlook and potential upside. Broker ratings
• Positive Sentiment: Shore Capital reaffirmed its “buy” rating with a £175 price target, also pointing to further potential gains for the retailer. Broker ratings
• Neutral Sentiment: Citigroup raised its target from £132 to £155 but retained a “neutral” rating, while JPMorgan lifted its target from £130.30 to £140.40 and also remained neutral. Their targets remain below NEXT’s recent trading level, limiting the positive impact of the revisions. Broker views
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating with a £140 target, and Peel Hunt separately maintained its “hold” recommendation. The continued cautious ratings reinforce concerns that much of NEXT’s expected performance may already be reflected in the share price. Peel Hunt reaffirms Hold rating for NEXT
• Neutral Sentiment: Across the brokerage coverage cited, NEXT has an average “hold” rating. This balanced outlook helps explain the weaker share-price performance despite multiple target increases. NEXT given average Hold rating

About NEXT

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.