Citigroup Boosts NEXT (LON:NXT) Price Target to £155

Key Points

• Citigroup raised NEXT’s price target to £155 from £132 while maintaining a “neutral” rating, implying roughly 0.5% downside from the stock’s £155.80 price.
• Analyst sentiment remains mixed: NEXT has an overall “Hold” consensus with an average target of £153.55, although targets range from £139 to £187.
• NEXT shares were down 0.5% and have traded between £112 and £161.75 over the past year. Insider Jonathan Blanchard recently sold 18,012 shares worth approximately £2.67 million.

NEXT (LON:NXT - Get Free Report) had its price objective boosted by equities research analysts at Citigroup from £132 to £155 in a research report issued on Thursday,London Stock Exchange reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential downside of 0.51% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a £140 target price on shares of NEXT in a report on Thursday. Shore Capital Group reissued a "buy" rating and set a £175 price objective on shares of NEXT in a report on Thursday. Peel Hunt reaffirmed a "hold" rating and set a £139 target price on shares of NEXT in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on NEXT from £130.30 to £140.40 and gave the stock a "neutral" rating in a report on Thursday. Finally, Berenberg Bank increased their price target on NEXT from £180 to £187 and gave the company a "buy" rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of £153.55.

NEXT Stock Down 0.5%

Shares of LON NXT opened at £155.80 on Thursday. The stock has a market capitalization of £17.78 billion, a P/E ratio of 20.90, a P/E/G ratio of 5.66 and a beta of 1.04. The company has a 50-day moving average price of £144.28 and a 200-day moving average price of £135.15. NEXT has a 1 year low of £112 and a 1 year high of £161.75. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

Insiders Place Their Bets

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the company's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. Company insiders own 1.66% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source