NEXT (LON:NXT) Receives Buy Rating from Shore Capital Group

Key Points

• Shore Capital Group reissued a Buy rating on NEXT, but analyst coverage is mixed (three Buys vs four Holds), leaving a consensus rating of Hold and a consensus price target of £141.97.
• NEXT shares opened at £126.49 with a market cap of £14.64bn and a P/E of 19.17; the stock’s 12‑month range is £105.05–£146.40 and the company reported quarterly EPS of GBX 760.10 with a 35.14% return on equity.

NEXT (LON:NXT - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Shore Capital Group in a research note issued on Thursday, MarketBeat Ratings reports.

Several other brokerages have also issued reports on NXT. Jefferies Financial Group reiterated a "hold" rating and issued a £140 price target on shares of NEXT in a research note on Wednesday, January 7th. UBS Group reissued a "buy" rating and set a £152 price objective on shares of NEXT in a research note on Wednesday. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of NEXT in a report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of £141.97.

NEXT Price Performance

Shares of NXT stock opened at £126.49 on Thursday. The stock has a market cap of £14.64 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 5.66 and a beta of 1.13. The business's fifty day moving average is £130.34 and its 200 day moving average is £132.41. NEXT has a twelve month low of £105.05 and a twelve month high of £146.40. The company has a quick ratio of 1.07, a current ratio of 1.74 and a debt-to-equity ratio of 117.05.

NEXT (LON:NXT - Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a return on equity of 35.14% and a net margin of 12.28%. Research analysts expect that NEXT will post 660.7526882 EPS for the current fiscal year.

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. 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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