NEXT's (NXT) "Buy" Rating Reaffirmed at UBS Group

Key Points

• UBS Group has reaffirmed a "buy" rating for NEXT (LON:NXT), with a price target of £142, indicating a potential upside of 17.16% from the current stock price.
• Other analysts have mixed ratings, with Deutsche Bank raising its target to £116 but maintaining a "hold" rating, and Shore Capital also endorsing a "buy" rating.
• NEXT's stock has shown slight improvement, opening at £121.20, and the company maintains a market capitalization of £14.13 billion.

NEXT (LON:NXT - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at UBS Group in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a £142 price objective on the stock. UBS Group's target price would indicate a potential upside of 15.97% from the company's current price.

Several other research analysts have also weighed in on NXT. Deutsche Bank Aktiengesellschaft lifted their price objective on NEXT from £108 to £116 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of NEXT in a research report on Friday, August 1st. Finally, Shore Capital reissued a "buy" rating on shares of NEXT in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NEXT presently has an average rating of "Moderate Buy" and an average target price of £129.

NEXT Trading Up 1.2%

NXT traded up GBX 145 during midday trading on Friday, hitting £122.45. 57,639,008 shares of the company were exchanged, compared to its average volume of 1,230,339. The firm has a market capitalization of £14.25 billion, a P/E ratio of 2,022.30, a P/E/G ratio of 5.66 and a beta of 1.37. NEXT has a 1-year low of GBX 9,028 and a 1-year high of £131. The firm's 50 day moving average price is £121.11 and its 200-day moving average price is £117.68. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.

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.