NEXT (LON:NXT) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

NEXT (LON:NXT)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a £158 price objective on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 6.18% from the stock’s current price.

A number of other brokerages have also commented on NXT. Berenberg Bank reaffirmed a “buy” rating and set a £187 price objective on shares of NEXT in a research report on Friday, September 18th. Citigroup upped their price target on NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a £140 price objective on shares of NEXT in a report on Thursday, August 6th. 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 research note on Thursday, August 6th. Finally, Shore Capital Group reissued a “buy” rating and issued a £175 price target on shares of NEXT in a research report on Thursday, September 17th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, NEXT currently has an average rating of “Hold” and a consensus target price of £155.80.

NEXT Stock Performance

NEXT stock opened at £148.80 on Wednesday. The company has a debt-to-equity ratio of 129.98, a quick ratio of 1.07 and a current ratio of 1.55. The business’s 50-day simple moving average is £149.34 and its 200-day simple moving average is £143.29. The firm has a market capitalization of £16.99 billion, a PE ratio of 18.93, a PEG ratio of 5.66 and a beta of 1.07. NEXT has a 52 week low of £116.95 and a 52 week high of £161.75.

NEXT (LON:NXT) last announced 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%. Equities research analysts forecast that NEXT will post 660.75 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jeni Mundy acquired 160 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased 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.