Shore Capital Group Reaffirms Buy Rating for NEXT (LON:NXT)

NEXT (LON:NXT)‘s stock had its “buy” rating reiterated by Shore Capital Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a £175 price objective on the stock. Shore Capital Group’s price objective indicates a potential upside of 18.60% from the stock’s current price.

Several other analysts also recently weighed in on NXT. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a £140 target price on shares of NEXT in a report on Thursday, August 6th. Citigroup boosted their price objective on NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a report on Thursday, August 6th. Berenberg Bank lifted their target price on NEXT from £180 to £187 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Peel Hunt reiterated a “hold” rating and set a £139 price target on shares of NEXT in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of £153.55.

NEXT Price Performance

NEXT stock opened at £147.55 on Thursday. The company’s 50 day simple moving average is £151.15 and its 200-day simple moving average is £139.51. The company has a market capitalization of £16.84 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. NEXT has a 1 year low of £112 and a 1 year high of £161.75. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76.

Insider Buying and Selling at NEXT

In other NEXT news, insider Jeni Mundy acquired 160 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of £155.45 per share, for a total transaction of £24,872. Also, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total transaction of £2,666,136.24. Corporate insiders own 1.47% of the company’s stock.

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.