Shares of NEXT plc (LON:NXT) have been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 4,978.57 ($65.05).
Several analysts have recently commented on NXT shares. Credit Suisse Group cut NEXT to an “underperform” rating and decreased their target price for the stock from GBX 5,800 ($75.79) to GBX 4,800 ($62.72) in a research report on Monday, January 14th. Liberum Capital reaffirmed a “buy” rating on shares of NEXT in a research report on Tuesday, February 19th. UBS Group decreased their target price on NEXT from GBX 6,600 ($86.24) to GBX 6,000 ($78.40) and set a “buy” rating for the company in a research report on Wednesday, January 2nd. Goldman Sachs Group decreased their target price on NEXT from GBX 5,800 ($75.79) to GBX 4,800 ($62.72) and set a “neutral” rating for the company in a research report on Friday, January 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of NEXT in a research report on Thursday, February 7th.
In other news, insider Michael J. Roney acquired 1,720 shares of NEXT stock in a transaction that occurred on Thursday, January 3rd. The stock was purchased at an average price of GBX 4,359 ($56.96) per share, with a total value of £74,974.80 ($97,967.86). Also, insider Amanda James acquired 1,013 shares of NEXT stock in a transaction that occurred on Friday, February 8th. The shares were purchased at an average cost of GBX 4,895 ($63.96) per share, with a total value of £49,586.35 ($64,793.35).
Shares of NEXT stock opened at GBX 5,212 ($68.10) on Friday. The firm has a market capitalization of $6.92 billion and a PE ratio of 12.27. The company has a quick ratio of 1.15, a current ratio of 1.65 and a debt-to-equity ratio of 303.13. NEXT has a 12 month low of GBX 3,970 ($51.88) and a 12 month high of GBX 6,224 ($81.33).
NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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