Citigroup Lowers NEXT (LON:NXT) Price Target to £132

Key Points

• Citigroup cut its price target on NEXT to £132 (from £135.42) and maintains a "neutral" rating, implying about a 1.09% downside from the prior close.
• Overall analyst sentiment is mixed — three Buy ratings and five Hold/Hold-equivalent ratings give a consensus rating of “Hold” with a mean target of £140.98, while some brokers (e.g., Berenberg £180, UBS £152) remain more bullish.
• NEXT shares opened at £133.45 (reported up ~5.0%), and the company shows solid profitability metrics including a market cap of £15.3bn, a P/E of 17.9, return on equity of 52.86% and a net margin of 12.87%.

NEXT (LON:NXT - Get Free Report) had its price objective cut by research analysts at Citigroup from £135.42 to £132 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price objective points to a potential downside of 1.09% from the company's previous close.

Several other research analysts also recently weighed in on NXT. Berenberg Bank reaffirmed a "buy" rating and set a £180 target price on shares of NEXT in a research note on Friday, March 27th. Shore Capital Group reaffirmed a "buy" rating on shares of NEXT in a research note on Thursday, March 26th. UBS Group reaffirmed a "buy" rating and set a £152 target price on shares of NEXT in a research note on Wednesday, March 25th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of NEXT in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of £140.98.

NEXT Trading Up 5.0%

Shares of NXT stock opened at £133.45 on Wednesday. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07. The company has a market cap of £15.30 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 5.66 and a beta of 1.08. The stock has a 50 day simple moving average of £128.67 and a 200-day simple moving average of £132.96. NEXT has a 1-year low of £107.65 and a 1-year high of £146.40.

NEXT (LON:NXT - Get Free Report) last announced its earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. On average, equities research analysts expect that NEXT will post 660.7526882 EPS for the current fiscal year.

Key Stories Impacting NEXT

Here are the key news stories impacting NEXT this week:

• Neutral Sentiment: Recaps and fallout from the recent Stand & Deliver event — coverage summarizes winners, losers and booking fallout that will shape upcoming NXT storylines. WWE NXT Stand & Deliver 2026: Biggest Winners And Losers
• Neutral Sentiment: Live results and immediate show fallout provide detail on angles and title pictures that the brand will promote over the next weeks. WWE NXT live results: Stand & Deliver fallout
• Neutral Sentiment: Episode-by-episode reaction, grades and highlights consolidating how creative decisions landed with fans — useful for tracking audience sentiment but not relevant to NEXT plc financials. WWE NXT Results, Winners, Live Grades, Reaction, Highlights After Stand & Deliver 2026
• Neutral Sentiment: Promotion announced a two‑week “NXT Revenge” special with multiple title matches (including a Last Woman Standing match) and several debuts, setting the near-term programming schedule. Title matches, last woman standing match part of two-week WWE NXT Revenge lineup
• Neutral Sentiment: Additional coverage of the “NXT Revenge” special and added Women’s Championship match — confirms the company’s creative calendar for the next episodes. Women's Championship Match Added To WWE NXT Revenge
• Neutral Sentiment: Individual match previews and weekly results (e.g., Sol Ruca vs Izzi Dame) provide episode-level detail for fans; not company‑relevant for NEXT plc investors. WWE NXT Results 4/7 - Sol Ruca Squares Off With Izzi Dame, Triple Threat Match & More
• Neutral Sentiment: New talent and debuts are being announced around WrestleMania season (including an announced rising-star debut and discussions of possible call‑ups to the main roster), which affects WWE programming but not NEXT plc. Massive rising star's WWE NXT debut officially announced ahead of WrestleMania 42
• Neutral Sentiment: Tournament and title-match scheduling items (e.g., Lexis King vs. NXT debutant for a vacant title) outline booking for future shows. WWE Speed: Lexis King faces NXT debutant in tournament opener for the vacant men’s title
• Neutral Sentiment: Notable title change coverage (Tony D’Angelo winning the NXT Championship at Stand & Deliver) — significant for WWE storylines and merchandise interest, but unrelated to NEXT plc fundamentals. Tony D’Angelo Shocks Fans by Capturing NXT Championship at Stand & Deliver
• Neutral Sentiment: Preview pieces and where-to-go analysis after Stand & Deliver, useful for tracking short-term audience engagement but not material to NEXT plc’s retail outlook. WWE NXT Stand & Deliver 2026: Where Do We Go From Here?

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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