Deutsche Bank Aktiengesellschaft Reaffirms "Hold" Rating for NEXT (LON:NXT)

Key Points

• Deutsche Bank reaffirmed its “Hold” rating on NEXT and maintained a £140 price target, implying approximately 10.14% downside from the stock’s current price.
• Analyst sentiment remains mixed: Berenberg and Shore Capital gave “Buy” ratings, while Citigroup, Peel Hunt and JPMorgan maintained neutral or hold views. MarketBeat reports an overall “Hold” consensus and an average price target of £153.55.
• NEXT shares opened at £155.80, near their 52-week high of £161.75, with a £17.78 billion market capitalization. Insider Jonathan Blanchard recently sold 18,012 shares worth about £2.67 million.

NEXT (LON:NXT - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Thursday,London Stock Exchange reports. They currently have a £140 price objective on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential downside of 10.14% from the stock's current price.

A number of other analysts have also weighed in on the stock. Berenberg Bank upped their target price on shares of NEXT from £180 to £187 and gave the stock a "buy" rating in a report on Thursday. Shore Capital Group restated a "buy" rating and set a £175 price target on shares of NEXT in a research report on Thursday. Citigroup decreased their price target on shares of NEXT from £135.42 to £132 and set a "neutral" rating on the stock in a report on Wednesday, April 8th. Peel Hunt reissued a "hold" rating and set a £139 price objective on shares of NEXT in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on NEXT from £130.30 to £140.40 and gave the stock a "neutral" rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of £153.55.

NEXT Stock Performance

Shares of NXT opened at £155.80 on Thursday. The stock's 50-day simple moving average is £144.28 and its 200 day simple moving average is £135.15. The stock has a market capitalization of £17.78 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth 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. NEXT has a 52-week low of £112 and a 52-week high of £161.75.

Insider Buying and Selling

In other news, insider Jonathan Blanchard sold 18,012 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. 1.66% of the stock is currently owned by corporate 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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