NEXT (LON:NXT) Earns “Hold” Rating from Jefferies Financial Group

NEXT (LON:NXT)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a £158 target price on the stock. Jefferies Financial Group‘s price target would suggest a potential upside of 3.86% from the stock’s current price.

A number of other research firms have also issued reports on NXT. Peel Hunt restated a “hold” rating and issued a £139 target price on shares of NEXT in a report on Wednesday, August 5th. Citigroup lifted their price target on NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Shore Capital Group reissued a “buy” rating and set a £175 price target on shares of NEXT in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a £140 price target on shares of NEXT in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of £155.80.

NEXT Trading Up 0.5%

NXT traded up GBX 72.50 during trading on Wednesday, reaching £152.12. The company had a trading volume of 904,428 shares, compared to its average volume of 4,030,480. The firm’s 50-day simple moving average is £149.29 and its 200 day simple moving average is £139.56. The company has a market cap of £17.37 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 5.66 and a beta of 1.07. NEXT has a 12-month low of £116.95 and a 12-month high of £161.75. The company has a debt-to-equity ratio of 129.98, a quick ratio of 1.07 and a current ratio of 1.55.

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

Insiders Place Their Bets

In other news, insider Jeni Mundy purchased 160 shares of the firm’s stock in a transaction 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 currently owned by corporate 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.