NEXT plc (LON:NXT) Receives £138.13 Average PT from Brokerages

Shares of NEXT plc (LON:NXT) have been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is £140.63.

NXT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price objective on NEXT from £108 to £116 and gave the company a “hold” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. increased their price target on shares of NEXT from £117 to £130.30 and gave the company a “neutral” rating in a report on Thursday, October 30th. UBS Group restated a “buy” rating and issued a £142 price target on shares of NEXT in a research report on Friday, September 5th. Shore Capital downgraded shares of NEXT to a “hold” rating and boosted their price objective for the stock from £140 to £147.50 in a report on Tuesday, November 4th. Finally, Peel Hunt reiterated a “hold” rating and issued a £130 target price on shares of NEXT in a research note on Tuesday.

Insiders Place Their Bets

In related news, insider Wolfson Aspley Guise sold 50,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of £145.20, for a total value of £7,260,000. Also, insider Amy Stirling bought 472 shares of NEXT stock in a transaction that occurred on Thursday, September 18th. The stock was purchased at an average cost of £116.34 per share, with a total value of £54,912.48. Corporate insiders own 1.60% of the company’s stock.

NEXT Trading Up 0.0%

NEXT stock opened at £141.20 on Monday. NEXT has a 52 week low of GBX 9,028 and a 52 week high of £146.40. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. The firm has a market capitalization of £16.41 billion, a PE ratio of 21.40, a PEG ratio of 5.66 and a beta of 1.37. The business’s 50-day simple moving average is £133.28 and its 200-day simple moving average is £126.55.

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

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.