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

Peel Hunt restated their hold rating on shares of NEXT (LON:NXT) in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a £130 price target on the stock.

A number of other research firms have also weighed in on NXT. UBS Group reissued a “buy” rating and set a £142 price objective on shares of NEXT in a research note on Friday, September 5th. Shore Capital lowered NEXT to a “hold” rating and raised their price target for the stock from £140 to £147.50 in a research report on Tuesday, November 4th. JPMorgan Chase & Co. increased their target price on shares of NEXT from £117 to £130.30 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on NEXT from £108 to £116 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Finally, Berenberg Bank lifted their price target on shares of NEXT from £147 to £178 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NEXT has a consensus rating of “Hold” and a consensus price target of £140.63.

NEXT Stock Down 0.0%

Shares of NXT opened at £141.15 on Tuesday. The firm has a market cap of £16.40 billion, a P/E ratio of 21.40, a PEG ratio of 5.66 and a beta of 1.37. NEXT has a 12 month low of GBX 9,028 and a 12 month high of £146.40. The stock’s 50 day moving average is £132.83 and its two-hundred day moving average is £126.40. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08.

NEXT (LON:NXT) last announced its earnings results on Thursday, September 18th. The company reported GBX 324.20 earnings per share for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. Analysts predict that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Insider Buying and Selling at NEXT

In other NEXT news, insider Wolfson Aspley Guise sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of £145.20, for a total transaction of £7,260,000. Also, insider Richard Papp sold 2,518 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of £140.44, for a total transaction of £353,627.92. 1.60% of the stock is currently owned by insiders.

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.