NEXT (LON:NXT) Earns Hold Rating from Jefferies Financial Group

by · The Markets Daily

NEXT (LON:NXT – Get Free Report)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a report released on Wednesday, MarketBeat reports. They presently have a £158 price objective on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 6.18% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a £187 target price on shares of NEXT in a report on Friday, September 18th. Citigroup increased their price target on NEXT from £132 to £155 and gave the company a “neutral” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Shore Capital Group reissued a “buy” rating and issued a £175 price target on shares of NEXT in a report on Thursday, September 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a £140 price objective on shares of NEXT in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of £155.80.

Read Our Latest Stock Report on NXT

NEXT Trading Down 1.5%

NEXT stock opened at £148.80 on Wednesday. The company has a market cap of £16.99 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 5.66 and a beta of 1.07. The firm has a 50-day moving average of £149.34 and a 200-day moving average of £143.20. 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 has a one year low of £116.95 and a one year high of £161.75.

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%. On average, equities analysts expect that NEXT will post 660.75 earnings per share for the current fiscal year.

Insider Buying and Selling at NEXT

In other news, insider Jeni Mundy purchased 160 shares of NEXT stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of £155.45 per share, for a total transaction of £24,872. Insiders own 1.49% of the company’s stock.

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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