NEXT’s (NXT) “Buy” Rating Reiterated at UBS Group

UBS Group reiterated their buy rating on shares of NEXT (LON:NXT) in a report issued on Thursday morning, Digital Look reports. The brokerage currently has a GBX 6,300 ($82.32) price objective on the stock.

Several other equities analysts have also commented on the company. Goldman Sachs Group raised NEXT to a buy rating in a research note on Tuesday, August 13th. Shore Capital reaffirmed a hold rating on shares of NEXT in a research note on Wednesday, July 31st. Peel Hunt reaffirmed a hold rating and issued a GBX 5,800 ($75.79) price target (up previously from GBX 5,600 ($73.17)) on shares of NEXT in a research note on Monday, July 29th. Berenberg Bank reissued a hold rating and set a GBX 4,100 ($53.57) target price on shares of NEXT in a research note on Monday, July 29th. Finally, Liberum Capital increased their target price on NEXT from GBX 6,100 ($79.71) to GBX 6,500 ($84.93) and gave the stock a buy rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. NEXT currently has an average rating of Hold and an average target price of GBX 5,655.56 ($73.90).

Shares of NEXT stock opened at GBX 5,622 ($73.46) on Thursday. NEXT has a 52 week low of GBX 3,970 ($51.88) and a 52 week high of GBX 6,218 ($81.25). The company has a fifty day simple moving average of GBX 5,634.72. The firm has a market cap of $7.49 billion and a price-to-earnings ratio of 12.98. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 233.24.

About NEXT

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.

Read More: What is meant by holder of record?

Analyst Recommendations for NEXT (LON:NXT)

Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with MarketBeat.com's FREE daily email newsletter.