NEXT (LON:NXT) Cut to Hold at Shore Capital

Shore Capital lowered shares of NEXT (LON:NXT) to a hold rating in a report released on Tuesday morning, Marketbeat.com reports. Shore Capital currently has £147.50 target price on the stock, up from their previous target price of £140.

NXT has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their price objective on NEXT from £108 to £116 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. boosted their price objective on NEXT from £117 to £130.30 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Peel Hunt reaffirmed a “hold” rating and set a £115 price target on shares of NEXT in a research note on Thursday, September 18th. Berenberg Bank upped their price objective on NEXT from £147 to £178 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, UBS Group reiterated a “buy” rating and set a £142 target price on shares of NEXT in a research report on Friday, September 5th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, NEXT currently has a consensus rating of “Hold” and an average target price of £138.13.

NEXT Trading Up 0.1%

Shares of LON:NXT opened at £143.90 on Tuesday. The stock has a 50 day moving average of £126.63 and a 200 day moving average of £124.45. The company has a market cap of £16.72 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. NEXT has a 12-month low of GBX 9,028 and a 12-month high of £146. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08.

NEXT (LON:NXT) last issued its quarterly earnings results on Thursday, September 18th. The company reported GBX 324.20 earnings per share for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, equities research analysts expect that NEXT will post 660.7526882 EPS for the current year.

Insider Buying and Selling at NEXT

In other NEXT news, insider Amy Stirling acquired 472 shares of NEXT stock in a transaction that occurred on Thursday, September 18th. The stock was bought at an average price of £116.34 per share, with a total value of £54,912.48. Also, insider Richard Papp sold 2,518 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of £140.44, for a total value of £353,627.92. Insiders own 1.60% 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.