Deutsche Bank Aktiengesellschaft Issues Positive Forecast for NEXT (LON:NXT) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has raised the price target for NEXT (LON:NXT) from £108 to £116, maintaining a "hold" rating on the stock.
• The current trading price of NEXT is £121.55, indicating a potential downside of 4.57% to the newly set price target.
• Overall, the stock has garnered an average rating of "Hold" from analysts, with one rating it as a Buy and two as Hold.

NEXT (LON:NXT - Get Free Report) had its target price boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from £108 to £116 in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential downside of 2.93% from the company's previous close.

NXT has been the topic of a number of other research reports. Shore Capital reissued a "buy" rating on shares of NEXT in a report on Thursday, July 31st. JPMorgan Chase & Co. reissued a "neutral" rating on shares of NEXT in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, NEXT currently has a consensus rating of "Hold" and a consensus price target of £116.

NEXT Stock Performance

Shares of LON:NXT traded down GBX 74.80 during midday trading on Tuesday, reaching £119.50. 257,843 shares of the company's stock traded hands, compared to its average volume of 917,499. The company has a market cap of £13.94 billion, a price-to-earnings ratio of 1,973.61, a P/E/G ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. NEXT has a one year low of GBX 9,028 and a one year high of £131. The stock has a 50 day moving average of £121.54 and a 200 day moving average of £116.90.

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.