Peel Hunt Reiterates "Hold" Rating for NEXT (LON:NXT)

Key Points

• Peel Hunt has reiterated a "hold" rating for NEXT (LON:NXT) with a target price of £115, indicating a potential downside of 0.13% from the previous close.
• The stock currently has a consensus "hold" rating from analysts, with an average price target of £124.33; two firms rate it as "buy" while three maintain a "hold" rating.
• NEXT recently reported earnings of GBX 324.20 per share for the quarter, with a net margin of 13.77% and an anticipated earnings forecast of approximately 660.75 EPS for the current year.

NEXT (LON:NXT - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Peel Hunt in a report released on Thursday, MarketBeat Ratings reports. They currently have a £115 price objective on the stock. Peel Hunt's price target would suggest a potential downside of 3.49% from the stock's current price.

A number of other brokerages have also weighed in on NXT. Shore Capital restated a "buy" rating on shares of NEXT in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NEXT from £108 to £116 and gave the stock a "hold" rating in a report on Tuesday, August 26th. UBS Group reiterated a "buy" rating and set a £142 target price on shares of NEXT in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of NEXT in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of £124.33.

NEXT Stock Up 0.4%

NEXT stock traded up GBX 45.42 during trading hours on Thursday, hitting £119.15. 189,211 shares of the stock traded hands, compared to its average volume of 1,181,492. The firm's 50-day moving average price is £120.58 and its two-hundred day moving average price is £119.10. 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 has a market cap of £13.87 billion, a PE ratio of 1,967.87, a PEG ratio of 5.66 and a beta of 1.37. NEXT has a one year low of GBX 9,028 and a one year high of £131.

NEXT (LON:NXT - Get Free Report) last posted its quarterly earnings data on Thursday, September 18th. The company reported GBX 324.20 earnings per share for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. On average, research analysts forecast that NEXT will post 660.7526882 EPS for the current year.

Insider Transactions at NEXT

In other news, insider Amy Stirling bought 472 shares of the stock in a transaction on Thursday, September 18th. The stock was bought at an average cost of £116.34 per share, for a total transaction of £54,912.48. 1.56% of the stock is currently owned by insiders.

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.