NEXT's (NXT) Buy Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on NEXT and maintained a £187 price target, implying approximately 30.27% upside from the current price.
• Analyst sentiment is mixed: three analysts rate NEXT a Buy and five rate it Hold, resulting in an overall “Hold” consensus and an average price target of £153.55.
• NEXT shares opened at £143.55, down 3.8%, while the company reported quarterly EPS of 364.30 pence, a 52.86% return on equity, and a 12.87% net margin.

NEXT (LON:NXT - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a research note issued to investors on Friday, London Stock Exchange reports. They currently have a £187 target price on the stock. Berenberg Bank's price objective indicates a potential upside of 30.27% from the company's current price.

Other equities analysts have also issued reports about the stock. Peel Hunt reissued a "hold" rating and set a £139 price target on shares of NEXT in a research report on Wednesday, August 5th. Shore Capital Group reissued a "buy" rating and set a £175 target price on shares of NEXT in a report on Thursday. 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 shares of NEXT from £132 to £155 and gave the company a "neutral" rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a £140 price target on shares of NEXT in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NEXT presently has an average rating of "Hold" and an average target price of £153.55.

NEXT Stock Down 3.8%

Shares of NXT stock opened at £143.55 on Friday. NEXT has a fifty-two week low of £116.15 and a fifty-two week high of £161.75. The firm has a market capitalization of £16.39 billion, a PE ratio of 19.26, a P/E/G ratio of 5.66 and a beta of 1.04. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. The stock's 50-day simple moving average is £151.21 and its 200-day simple moving average is £139.61.

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 52.86% and a net margin of 12.87%. Equities analysts expect that NEXT will post 660.7526882 earnings per share for the current year.

Insider Activity at NEXT

In other NEXT news, insider Jeni Mundy bought 160 shares of NEXT stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of £155.45 per share, with a total value of £24,872. Also, insider Jonathan Blanchard sold 18,012 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. 1.47% of the stock is currently owned by company insiders.

NEXT News Roundup

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: NEXT reported quarterly EPS of 364.30 pence, alongside a strong 52.86% return on equity and 12.87% net margin. These figures reinforce the retailer’s robust earnings-generation and profitability profile. NEXT earnings report and conference call
• Positive Sentiment: Shore Capital reaffirmed its Buy recommendation and set a £175 price target, signaling continued confidence in NEXT’s outlook and potential upside. Shore Capital rating update

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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