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

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

Other analysts also recently issued reports about the company. Citigroup boosted their target price on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Berenberg Bank reaffirmed a “buy” rating and set a £187 price target on shares of NEXT in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a £140 price target on shares of NEXT in a research note on Thursday, August 6th. Finally, Peel Hunt reiterated a “hold” rating and issued a £139 price objective on shares of NEXT in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of £155.80.

NEXT Price Performance

Shares of LON:NXT traded down GBX 230 during trading on Wednesday, hitting £148.80. 10,920,745 shares of the stock were exchanged, compared to its average volume of 4,064,356. The company has a fifty day moving average price of £149.34 and a two-hundred day moving average price of £143.20. The company has a market cap of £16.99 billion, a PE ratio of 18.93, a P/E/G 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 has a 12-month low of £116.95 and a 12-month high of £161.75.

NEXT (LON:NXT) last released 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, analysts forecast that NEXT will post 660.75 EPS for the current year.

Insider Transactions at NEXT

In related news, insider Jeni Mundy bought 160 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of £155.45 per share, for a total transaction of £24,872. Insiders own 1.49% of the company’s stock.

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.