NEXT plc (LON:NXT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of NEXT plc (LON:NXT) have earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is £140.98.

NXT has been the subject of a number of research reports. Citigroup reduced their price objective on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. UBS Group reiterated a “buy” rating and set a £152 price target on shares of NEXT in a report on Wednesday, March 25th. Finally, Berenberg Bank restated a “buy” rating and issued a £180 target price on shares of NEXT in a research note on Friday.

Insider Activity

In related news, insider Amy Stirling acquired 375 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of £133.06 per share, for a total transaction of £49,897.50. Insiders own 1.60% of the company’s stock.

NEXT Trading Up 0.3%

LON NXT opened at £124.95 on Monday. The business has a 50 day simple moving average of £129.05 and a 200 day simple moving average of £133.95. NEXT has a one year low of £112 and a one year high of £146.40. The stock has a market capitalization of £14.42 billion, a P/E ratio of 16.76, a P/E/G ratio of 5.66 and a beta of 1.05. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

NEXT (LON:NXT) last released its earnings results on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. Research analysts expect that NEXT will post 660.7526882 earnings per share for the current year.

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.