NEXT plc (LON:NXT) Receives £141.29 Consensus Price Target from Analysts

Shares of NEXT plc (LON:NXT) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is £153.55.

NXT has been the subject of a number of analyst reports. Citigroup boosted their price target on NEXT from £132 to £155 and gave the company a “neutral” rating in a research note on Thursday. Shore Capital Group reiterated a “buy” rating and set a £175 price objective on shares of NEXT in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a £140 target price on shares of NEXT in a report on Thursday. Berenberg Bank upped their price target on shares of NEXT from £180 to £187 and gave the stock a “buy” rating in a report on Thursday. Finally, Peel Hunt reiterated a “hold” rating and set a £139 price target on shares of NEXT in a research report on Wednesday.

Trending Headlines about NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg raised its price target from £180 to £187 and maintained a “buy” rating, indicating confidence in NEXT’s earnings outlook and potential upside. Broker ratings
• Positive Sentiment: Shore Capital reaffirmed its “buy” rating with a £175 price target, also pointing to further potential gains for the retailer. Broker ratings
• Neutral Sentiment: Citigroup raised its target from £132 to £155 but retained a “neutral” rating, while JPMorgan lifted its target from £130.30 to £140.40 and also remained neutral. Their targets remain below NEXT’s recent trading level, limiting the positive impact of the revisions. Broker views
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating with a £140 target, and Peel Hunt separately maintained its “hold” recommendation. The continued cautious ratings reinforce concerns that much of NEXT’s expected performance may already be reflected in the share price. Peel Hunt reaffirms Hold rating for NEXT
• Neutral Sentiment: Across the brokerage coverage cited, NEXT has an average “hold” rating. This balanced outlook helps explain the weaker share-price performance despite multiple target increases. NEXT given average Hold rating

Insider Activity

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total transaction of £2,666,136.24. Company insiders own 1.65% of the company’s stock.

NEXT Stock Performance

LON NXT opened at £156.85 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The firm’s fifty day moving average price is £145.28 and its two-hundred day moving average price is £135.44. NEXT has a 1 year low of £112 and a 1 year high of £161.75. The firm has a market capitalization of £17.90 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04.

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.