NEXT’s (NXT) “Hold” Rating Reaffirmed at Jefferies Financial Group

NEXT (LON:NXT)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a £158 target price on the stock. Jefferies Financial Group‘s price objective indicates a potential upside of 0.70% from the stock’s current price.

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

NEXT Price Performance

NXT stock opened at £156.90 on Thursday. The company’s 50-day moving average price is £149.41 and its two-hundred day moving average price is £139.98. The firm has a market cap of £17.91 billion, a P/E ratio of 19.96, a P/E/G ratio of 5.66 and a beta of 1.07. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 129.98. NEXT has a 12 month low of £116.95 and a 12 month high of £161.75.

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

Insider Activity

In other news, insider Jeni Mundy acquired 160 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price 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.