NEXT plc (LON:NXT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of NEXT plc (LON:NXT) have been given an average rating of “Hold” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is £140.98.

NXT has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and set a £140 price target on shares of NEXT in a report on Wednesday, January 7th. Berenberg Bank reiterated a “buy” rating and set a £180 price target on shares of NEXT in a report on Friday, March 27th. UBS Group reiterated a “buy” rating and set a £152 price target on shares of NEXT in a report on Wednesday, March 25th. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a report on Thursday, March 26th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th.

NEXT Trading Down 1.0%

LON:NXT opened at £132.25 on Thursday. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07. NEXT has a fifty-two week low of £112 and a fifty-two week high of £146.40. The stock’s 50-day moving average is £129.51 and its two-hundred day moving average is £133.82. The stock has a market cap of £15.16 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 5.66 and a beta of 1.08.

NEXT (LON:NXT) last announced its quarterly earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share (EPS) for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. As a group, equities research analysts forecast that NEXT will post 660.7526882 earnings per share for the current fiscal year.

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.