Jefferies Financial Group Reaffirms "Hold" Rating for NEXT (LON:NXT)

Key Points

• Jefferies reaffirmed its “Hold” rating on NEXT and maintained a £158 price target, implying about 0.7% upside from the current share price.
• Analyst sentiment is broadly neutral: NEXT has an average “Hold” rating and a consensus price target of £155.80, with three analysts rating it “Buy” and five “Hold.”

NEXT (LON:NXT - Get Free Report)'s stock had its "hold" rating restated by analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a £158 price objective on the stock. Jefferies Financial Group's price target suggests a potential upside of 0.70% from the stock's current price.

A number of other analysts have also commented on NXT. JPMorgan Chase & Co. boosted 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a £140 target price on shares of NEXT in a report on Thursday, August 6th. Berenberg Bank reaffirmed a "buy" rating and issued a £187 target price on shares of NEXT in a research report on Friday, September 18th. Shore Capital Group reiterated a "buy" rating and issued a £175 price target on shares of NEXT in a research note on Thursday, September 17th. Finally, Peel Hunt reissued a "hold" rating and set a £139 price target on shares of NEXT in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, NEXT presently has an average rating of "Hold" and a consensus price target of £155.80.

NEXT Stock Up 0.5%

LON:NXT opened at £156.90 on Thursday. 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 company has a market cap of £17.91 billion, a PE ratio of 19.96, a PEG ratio of 5.66 and a beta of 1.07. NEXT has a 52-week low of £116.95 and a 52-week high of £161.75. The stock has a 50-day simple moving average of £149.41 and a 200 day simple moving average of £139.98.

NEXT (LON:NXT - Get Free Report) last released its 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, sell-side analysts expect that NEXT will post 660.75 EPS for the current fiscal year.

Insider Transactions at NEXT

In other news, insider Jeni Mundy purchased 160 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of £155.45 per share, for a total transaction of £24,872. Company insiders own 1.49% of the company's stock.

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. 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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