NEXT (LON:NXT) Now Covered by Analysts at Sanford C. Bernstein
Sanford C. Bernstein began coverage on shares of NEXT (LON:NXT) in a report issued on Wednesday morning, Stock Target Advisor reports. The brokerage issued a market perform rating and a GBX 7,000 ($92.08) target price on the stock.
A number of other research firms have also recently weighed in on NXT. UBS Group reaffirmed a buy rating on shares of NEXT in a research report on Monday, January 6th. Shore Capital restated a hold rating on shares of NEXT in a research note on Thursday, February 6th. Societe Generale downgraded NEXT to a sell rating and increased their price target for the stock from GBX 6,301 ($82.89) to GBX 6,588 ($86.66) in a report on Monday, January 6th. Liberum Capital reaffirmed a hold rating on shares of NEXT in a report on Friday, January 3rd. Finally, Royal Bank of Canada lowered shares of NEXT to a sector performer rating and lifted their price objective for the company from GBX 6,700 ($88.13) to GBX 6,800 ($89.45) in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 6,717.80 ($88.37).
NXT stock traded down GBX 36 ($0.47) during trading on Wednesday, hitting GBX 6,978 ($91.79). The company had a trading volume of 287,735 shares, compared to its average volume of 625,680. The firm has a 50-day moving average price of GBX 6,961.44 and a 200-day moving average price of GBX 6,488.40. The company has a quick ratio of 1.10, a current ratio of 1.62 and a debt-to-equity ratio of 1,250.37. The firm has a market cap of $9.29 billion and a PE ratio of 15.48. NEXT has a 1-year low of GBX 4,703 ($61.87) and a 1-year high of GBX 7,358 ($96.79).
NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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