NEXT's (NXT) Buy Rating Reiterated at Shore Capital Group

Key Points

• Shore Capital Group reiterated a Buy rating on NEXT (LON:NXT) in a research note issued Wednesday.
• Analyst consensus is a Hold with three Buy and five Hold ratings and an average price target of £140.98, while individual targets range from £132 (Citigroup) to £180 (Berenberg).
• NEXT traded at £130.05 midday (market cap £14.91bn) with a PE of 17.45 and a 52‑week range of £112–£146.40; the company reported a quarterly net margin of 12.87% and ROE of 52.86%.

NEXT (LON:NXT - Get Free Report)'s stock had its "buy" rating reiterated by Shore Capital Group in a research report issued on Wednesday,Digital Look reports.

Several other analysts have also recently commented on the stock. Citigroup decreased their price target on shares of NEXT from £135.42 to £132 and set a "neutral" rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. restated a "neutral" rating on shares of NEXT in a research report on Wednesday, January 7th. Jefferies Financial Group restated a "hold" rating and issued a £140 price target on shares of NEXT in a research report on Wednesday, January 7th. UBS Group restated a "buy" rating and issued a £152 price target on shares of NEXT in a research report on Wednesday, March 25th. Finally, Berenberg Bank restated a "buy" rating and issued a £180 price target on shares of NEXT in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of £140.98.

NEXT Price Performance

Shares of LON NXT traded up GBX 380 during mid-day trading on Wednesday, reaching £130.05. The company's stock had a trading volume of 3,380,438 shares, compared to its average volume of 6,398,054. The firm has a market capitalization of £14.91 billion, a PE ratio of 17.45, a P/E/G ratio of 5.66 and a beta of 1.05. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07. The stock has a fifty day moving average of £129.77 and a two-hundred day moving average of £134.15. NEXT has a 52 week low of £112 and a 52 week high of £146.40.

NEXT (LON:NXT - Get Free Report) last announced its quarterly earnings results on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. As a group, sell-side analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.