NEXT (LON:NXT) Stock Keeps “Hold” Rating at Jefferies Financial Group

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

Several other research analysts have also commented on NXT. Berenberg Bank reiterated a “buy” rating and set a £187 price objective on shares of NEXT in a research note on Friday, September 18th. Shore Capital Group restated a “buy” rating and issued a £175 target price on shares of NEXT in a research note on Thursday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Peel Hunt reaffirmed a “hold” rating and issued a £139 price target on shares of NEXT in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a £140 price target 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of £155.80.

NEXT Stock Down 1.5%

Shares of NXT traded down GBX 230 during mid-day trading on Wednesday, hitting £148.80. The company’s stock had a trading volume of 10,920,745 shares, compared to its average volume of 4,064,356. The company’s 50-day moving average is £149.34 and its 200-day moving average is £143.20. NEXT has a 52-week low of £116.95 and a 52-week high of £161.75. The firm has a market capitalization 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 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 earnings results 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 research analysts forecast that NEXT will post 660.75 EPS for the current fiscal year.

Insider Activity

In other NEXT news, insider Jeni Mundy purchased 160 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of £155.45 per share, with a total value of £24,872. 1.49% of the stock is currently owned by company insiders.

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.