NEXT plc (LON:NXT) Stock Has Average Target Price of £153.55

Key Points

• Analysts rate NEXT “Hold” on average: Five of eight brokers recommend holding the stock, while three recommend buying it. The average 12-month price target is £153.55, close to the reported opening price of £150.60.
• Share performance and valuation: NEXT has traded between £116.95 and £161.75 over the past year, with a market capitalization of £17.19 billion and a P/E ratio of 19.16.
• Latest financial results were solid: NEXT reported quarterly earnings of 364.30 pence per share, a 12.89% net margin and a 58.63% return on equity. Insider Jeni Mundy also purchased 160 shares worth approximately £24,872.

Shares of NEXT plc (LON:NXT - Get Free Report) have been given an average rating of "Hold" by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is £153.55.

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on NEXT from £130.30 to £140.40 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Shore Capital Group reiterated a "buy" rating and issued a £175 price target on shares of NEXT in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a £140 price target on shares of NEXT in a research note on Thursday, August 6th. Citigroup raised their price target on NEXT from £132 to £155 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Finally, Peel Hunt restated a "hold" rating and set a £139 price objective on shares of NEXT in a report on Wednesday, August 5th.

NEXT Price Performance

NXT stock opened at £150.60 on Thursday. The stock has a market cap of £17.19 billion, a PE ratio of 19.16, a P/E/G ratio of 5.66 and a beta of 1.07. NEXT has a 12 month low of £116.95 and a 12 month high of £161.75. The company has a 50-day moving average price of £149.76 and a 200 day moving average price of £142.09. The company has a current ratio of 1.55, a quick ratio of 1.07 and a debt-to-equity ratio of 129.98.

NEXT (LON:NXT - Get Free Report) last posted its quarterly earnings data on Thursday, September 17th. The company reported GBX 364.30 earnings per share for the quarter. NEXT had a net margin of 12.89% and a return on equity of 58.63%. Equities research analysts anticipate that NEXT will post 660.75 earnings per share for the current year.

Insider Buying and Selling

In other NEXT news, insider Jeni Mundy bought 160 shares of NEXT stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of £155.45 per share, for a total transaction of £24,872. 1.49% 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.

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