NEXT plc (LON:NXT) Given Average Rating of “Hold” by Brokerages

Shares of NEXT plc (LON:NXT) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is £140.97.

A number of research analysts recently issued reports on NXT shares. UBS Group reiterated a “buy” rating and set a £152 target price on shares of NEXT in a research report on Wednesday, March 25th. Citigroup cut their target price on shares of NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Shore Capital Group restated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a £180 price target on shares of NEXT in a research note on Friday, May 15th.

Insider Activity

In other news, insider Amy Stirling bought 375 shares of NEXT stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of £133.06 per share, for a total transaction of £49,897.50. Also, insider Jonathan Blanchard sold 18,012 shares of the business’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. Company insiders own 1.66% of the company’s stock.

NEXT Price Performance

NEXT stock opened at £146.45 on Tuesday. The stock has a market capitalization of £16.72 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 5.66 and a beta of 1.04. NEXT has a 52-week low of £112 and a 52-week high of £148.80. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. The stock’s 50 day moving average price is £137.20 and its two-hundred day moving average price is £133.85.

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.