Brokerages Set NEXT plc (LON:NXT) Price Target at £140.98

NEXT plc (LON:NXT) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is £140.98.

A number of equities analysts have weighed in on NXT shares. Citigroup dropped their price target on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Berenberg Bank restated a “buy” rating and set a £180 target price on shares of NEXT in a research report on Friday, May 15th. UBS Group restated a “buy” rating and set a £152 target price on shares of NEXT in a research report on Wednesday, March 25th. Finally, Shore Capital Group restated a “buy” rating on shares of NEXT in a research report on Wednesday, May 6th.

Insider Buying and Selling at NEXT

In related news, insider Amy Stirling bought 375 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average price of £133.06 per share, for a total transaction of £49,897.50. Corporate insiders own 1.60% of the company’s stock.

NEXT Stock Performance

NXT opened at £130.95 on Monday. The firm has a market cap of £15.11 billion, a P/E ratio of 17.57, a PEG ratio of 5.66 and a beta of 1.05. NEXT has a 1-year low of £112 and a 1-year high of £146.40. The company has a 50 day simple moving average of £128.99 and a two-hundred day simple moving average of £133.49. 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 (LON:NXT) last posted its quarterly earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. Equities analysts forecast that NEXT will post 660.7526882 earnings per share for the current fiscal year.

About NEXT

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.