NEXT’s (NXT) Hold Rating Reiterated at Jefferies Financial Group

by · The Markets Daily

Jefferies Financial Group reaffirmed their hold rating on shares of NEXT (LON:NXT – Free Report) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The firm currently has a £158 target price on the stock.

Several other equities analysts have also recently issued reports on NXT. Shore Capital Group reaffirmed a “buy” rating and issued a £175 price objective on shares of NEXT in a research report on Thursday, September 17th. JPMorgan Chase & Co. boosted their target price on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Citigroup upped their price target on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research 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. Finally, Berenberg Bank reissued a “buy” rating and set a £187 target price on shares of NEXT in a research note on Friday, September 18th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of £155.80.

View Our Latest Stock Analysis on NXT

NEXT Trading Down 1.5%

Shares of LON NXT opened at £148.80 on Wednesday. The firm has a 50-day moving average of £149.34 and a 200 day moving average of £143.20. NEXT has a 1 year low of £116.95 and a 1 year high of £161.75. The stock has a market cap of £16.99 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 5.66 and a beta of 1.07. The company has a debt-to-equity ratio of 129.98, a current ratio of 1.55 and a quick ratio of 1.07.

NEXT (LON:NXT – Get Free Report) last issued its quarterly earnings results on Thursday, September 17th. The company reported GBX 364.30 EPS for the quarter. NEXT had a return on equity of 58.63% and a net margin of 12.89%. As a group, sell-side analysts expect that NEXT will post 660.75 EPS for the current fiscal year.

Insider Transactions at NEXT

In other NEXT news, insider Jeni Mundy bought 160 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of £155.45 per share, with a total value of £24,872. 1.49% of the stock is currently owned by insiders.

NEXT Company Profile

(Get Free Report)

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.

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