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

NEXT plc (LON:NXT) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is £140.54.

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

NEXT Stock Up 0.6%

NEXT stock opened at £129 on Friday. The stock’s 50 day moving average price is £136.66 and its 200 day moving average price is £130.51. NEXT has a 1-year low of GBX 9,545.20 and a 1-year high of £146.40. The company has a market cap of £14.99 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07.

Insider Buying and Selling

In other news, insider Jeremy Stakol bought 186 shares of the stock in a transaction on Monday, December 1st. The shares were bought at an average price of GBX 3,869 per share, with a total value of £7,196.34. 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.