NEXT plc (LON:NXT) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of NEXT plc (LON:NXT) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is £155.80.

NXT has been the subject of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a £187 price target on shares of NEXT in a research note on Friday, September 18th. Citigroup raised their price target on NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Peel Hunt restated a “hold” rating and set a £139 price objective on shares of NEXT in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Shore Capital Group restated a “buy” rating and set a £175 target price on shares of NEXT in a research report on Thursday, September 17th.

NEXT Trading Up 0.4%

Shares of NEXT stock opened at £160.50 on Monday. The company has a debt-to-equity ratio of 129.98, a quick ratio of 1.07 and a current ratio of 1.55. The stock has a 50 day moving average price of £149.88 and a two-hundred day moving average price of £140.75. NEXT has a 52 week low of £116.95 and a 52 week high of £161.75. The stock has a market capitalization of £18.32 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 5.66 and a beta of 1.07.

NEXT (LON:NXT) last posted its earnings results on Thursday, September 17th. The company reported GBX 364.30 EPS for the quarter. NEXT had a net margin of 12.89% and a return on equity of 58.63%. As a group, equities analysts anticipate that NEXT will post 660.75 earnings per share for the current fiscal 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.