NEXT plc (LON:NXT) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on NEXT, with five holds and three buys among eight analysts. The average 12-month price target is £153.55.
• Recent broker updates were mixed but generally positive: Berenberg raised its target to £187 with a buy rating, while Shore Capital kept a buy rating at £175; Citigroup, JPMorgan and Peel Hunt maintained neutral or hold views.
• NEXT shares opened at £155.90, near the consensus target, with a market capitalization of £17.80 billion. The stock has traded between £112 and £161.75 over the past year.

Shares of NEXT plc (LON:NXT - Get Free Report) have earned an average rating of "Hold" from the eight analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is £153.55.

A number of research firms recently weighed in on NXT. Berenberg Bank lifted their price objective on shares of NEXT from £180 to £187 and gave the company a "buy" rating in a research note on Thursday, August 6th. Shore Capital Group restated a "buy" rating and set a £175 target price on shares of NEXT in a research report on Thursday, August 6th. Citigroup raised their price target on NEXT from £132 to £155 and gave the stock a "neutral" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on NEXT from £130.30 to £140.40 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, Peel Hunt reiterated a "hold" rating and set a £139 price objective on shares of NEXT in a research note on Wednesday, August 5th.

NEXT Stock Performance

Shares of NXT stock opened at £155.90 on Wednesday. The stock has a market capitalization of £17.80 billion, a P/E ratio of 20.91, a PEG ratio of 5.66 and a beta of 1.04. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The firm's 50 day moving average is £149.03 and its 200 day moving average is £137.03. NEXT has a 12 month low of £112 and a 12 month high of £161.75.

Insider Activity

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the firm's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of £148.02, for a total value of £2,666,136.24. Also, insider Jeni Mundy bought 160 shares of NEXT stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of £155.45 per share, with a total value of £24,872. 1.65% of the stock is owned by company insiders.

NEXT Company Profile

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