NEXT (LON:NXT) Lifted to Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of NEXT (LON:NXT) to a buy rating in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently commented on NXT. Royal Bank of Canada boosted their target price on NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the company an outperform rating in a research note on Tuesday, August 6th. Credit Suisse Group restated an underperform rating and issued a GBX 5,200 ($67.95) target price (up previously from GBX 4,800 ($62.72)) on shares of NEXT in a research note on Monday, April 29th. Liberum Capital boosted their target price on NEXT from GBX 6,100 ($79.71) to GBX 6,500 ($84.93) and gave the company a buy rating in a research note on Wednesday, July 31st. UBS Group restated a buy rating on shares of NEXT in a research note on Wednesday, May 15th. Finally, Berenberg Bank restated a hold rating and issued a GBX 4,100 ($53.57) target price on shares of NEXT in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 5,655.56 ($73.90).

Shares of LON NXT opened at GBX 5,622 ($73.46) on Tuesday. The company has a 50-day moving average price of GBX 5,633.92. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 233.24. NEXT has a one year low of GBX 3,970 ($51.88) and a one year high of GBX 6,218 ($81.25). The stock has a market capitalization of $7.53 billion and a P/E ratio of 12.98.

NEXT Company Profile

NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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Analyst Recommendations for NEXT (LON:NXT)

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