NEXT (LON:NXT) Price Target Raised to £116 at Deutsche Bank Aktiengesellschaft

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 price target increased by stock analysts at Deutsche Bank Aktiengesellschaft from £108 to £116 in a research note issued on Tuesday,London Stock Exchange reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential downside of 4.57% from the stock's previous close.

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

NEXT Stock Down 0.6%

LON:NXT opened at £121.55 on Tuesday. The company has a market cap of £14.31 billion, a PE ratio of 18.29, a P/E/G ratio of 5.66 and a beta of 1.37. NEXT has a twelve month low of GBX 9,028 and a twelve month high of £131. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. The company's 50 day moving average is £121.82 and its two-hundred day moving average is £116.41.

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.

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