Jefferies Financial Group Reaffirms Hold Rating for NEXT (LON:NXT)

NEXT (LON:NXT)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a research report issued on Wednesday, Marketbeat.com reports. They presently have a £158 price target on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 6.18% from the stock’s previous close.

Several other brokerages have also issued reports on NXT. JPMorgan Chase & Co. raised their price target on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Berenberg Bank reiterated a “buy” rating and issued a £187 price objective on shares of NEXT in a research note on Friday, September 18th. Shore Capital Group reissued a “buy” rating and set a £175 price objective on shares of NEXT in a report on Thursday, September 17th. Peel Hunt reaffirmed a “hold” rating and set a £139 price objective on shares of NEXT in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a £140 target price on shares of NEXT in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, NEXT currently has a consensus rating of “Hold” and an average target price of £155.80.

NEXT Stock Down 1.5%

Shares of NXT traded down GBX 230 during trading hours on Wednesday, reaching £148.80. 10,920,745 shares of the stock traded hands, compared to its average volume of 4,064,356. NEXT has a 52 week low of £116.95 and a 52 week high of £161.75. The company has a market cap of £16.99 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 5.66 and a beta of 1.07. The stock has a fifty day simple moving average of £149.34 and a 200 day simple moving average of £143.20. The company has a current ratio of 1.55, a quick ratio of 1.07 and a debt-to-equity ratio of 129.98.

NEXT (LON:NXT) last posted its quarterly earnings data on Thursday, September 17th. The company reported GBX 364.30 earnings per share for the quarter. NEXT had a return on equity of 58.63% and a net margin of 12.89%. On average, equities analysts forecast that NEXT will post 660.75 EPS for the current year.

Insider Activity at NEXT

In related news, insider Jeni Mundy bought 160 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of £155.45 per share, for a total transaction of £24,872. 1.49% of the stock is owned by insiders.

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.