Peel Hunt Reiterates Hold Rating for NEXT (LON:NXT)

NEXT (LON:NXT)‘s stock had its “hold” rating restated by research analysts at Peel Hunt in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a £130 target price on the stock. Peel Hunt’s target price would suggest a potential downside of 6.24% from the company’s previous close.

A number of other equities analysts have also recently commented on NXT. Deutsche Bank Aktiengesellschaft raised their target price on NEXT from £108 to £116 and gave the company a “hold” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of NEXT from £117 to £130.30 and gave the company a “neutral” rating in a report on Thursday, October 30th. Berenberg Bank increased their target price on shares of NEXT from £147 to £178 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Shore Capital cut shares of NEXT to a “hold” rating and raised their price target for the company from £140 to £147.50 in a research report on Tuesday, November 4th. Finally, UBS Group restated a “buy” rating and issued a £142 price target on shares of NEXT in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of £140.63.

NEXT Trading Up 1.2%

Shares of LON NXT traded up GBX 165 during mid-day trading on Tuesday, reaching £138.65. 492,090 shares of the company’s stock were exchanged, compared to its average volume of 1,137,628. The company’s 50-day moving average is £131.54 and its 200-day moving average is £126.09. 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 £16.11 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 5.66 and a beta of 1.37. NEXT has a 52-week low of GBX 9,028 and a 52-week high of £146.40.

NEXT (LON:NXT) last posted its earnings results on Thursday, September 18th. The company reported GBX 324.20 EPS for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. Analysts expect that NEXT will post 660.7526882 EPS for the current fiscal year.

Insider Buying and Selling at NEXT

In other NEXT news, insider Wolfson Aspley Guise sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of £145.20, for a total transaction of £7,260,000. Also, insider Richard Papp sold 2,518 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of £140.44, for a total transaction of £353,627.92. 1.60% of the stock is currently owned by insiders.

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.