NEXT (LON:NXT) Given “Hold” Rating at Jefferies Financial Group

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

A number of other equities research analysts have also commented on the stock. Berenberg Bank reissued a “buy” rating and set a £187 price objective on shares of NEXT in a report on Friday, September 18th. Citigroup boosted their target price on shares of NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Shore Capital Group reaffirmed a “buy” rating and issued a £175 target price on shares of NEXT in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a £140 target price on shares of NEXT in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of £155.80.

NEXT Price Performance

LON NXT traded down GBX 230 during trading hours on Wednesday, reaching £148.80. 10,920,745 shares of the company’s stock were exchanged, compared to its average volume of 4,064,356. The firm has a fifty day moving average of £149.34 and a 200-day moving average of £143.29. NEXT has a one year low of £116.95 and a one year high of £161.75. The stock has a market cap of £16.99 billion, a PE ratio of 18.93, a price-to-earnings-growth 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 (LON:NXT) last issued 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%. On average, equities research analysts predict that NEXT will post 660.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NEXT news, insider Jeni Mundy acquired 160 shares of NEXT stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of £155.45 per share, for a total transaction of £24,872. Insiders own 1.49% of the company’s stock.

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.