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

Shares of NEXT plc (LON:NXT) have received a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is £140.54.

A number of research firms recently commented on NXT. Peel Hunt reiterated a “hold” rating and issued a £130 price objective on shares of NEXT in a report on Tuesday, November 25th. Shore Capital cut NEXT to a “hold” rating and raised their target price for the stock from £140 to £147.50 in a report on Tuesday, November 4th. Jefferies Financial Group restated a “hold” rating and set a £140 target price on shares of NEXT in a research report on Wednesday, January 7th. Berenberg Bank upped their price target on NEXT from £147 to £178 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th.

Insider Activity

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

NEXT Stock Performance

NXT stock opened at £144.30 on Tuesday. The business’s fifty day moving average is £138.99 and its 200-day moving average is £128.98. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08. The company has a market cap of £16.77 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. NEXT has a twelve month low of GBX 9,028 and a twelve month high of £146.40.

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.