NEXT - NXT Share Forecast, Price & News

NEXT plc engages in the retail of clothing, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments. It operates retail stores; an online retail platform; and 199 franchise stores in 35 countries. The company also offers consumer credit; NEXT branded products; and women's, men's, children's, homeware, and beauty products under the LABEL and Lipsy's own brand, and other third-party brands. In addition, it provides property management services, including holding and lease of properties. The company was formerly known as J Hepworth & Son and changed its name to NEXT plc in 1986. NEXT plc was founded in 1864 and is headquartered in Enderby, the United Kingdom.

NEXT Price Performance

NXT traded down GBX 92 ($1.11) during midday trading on Thursday, hitting GBX 6,296 ($76.08). 167,258 shares of the company traded hands, compared to its average volume of 366,471. The company has a current ratio of 1.99, a quick ratio of 1.38 and a debt-to-equity ratio of 208.54. The company has a market capitalization of £8.14 billion and a price-to-earnings ratio of 1,206.88. NEXT has a 52-week low of GBX 5,578 ($67.40) and a 52-week high of GBX 8,484 ($102.51). The business has a 50 day simple moving average of GBX 6,301.98 and a two-hundred day simple moving average of GBX 6,380.82.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of NEXT from GBX 7,850 ($94.85) to GBX 6,200 ($74.92) and set a "buy" rating on the stock in a research note on Tuesday, July 5th. Barclays upped their price objective on shares of NEXT from GBX 8,000 ($96.67) to GBX 8,100 ($97.87) and gave the company an "overweight" rating in a report on Friday, August 5th. Shore Capital reaffirmed a "hold" rating on shares of NEXT in a report on Thursday, August 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 7,200 ($87.00) price objective on shares of NEXT in a report on Monday, May 30th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 7,280 ($87.97) price objective on shares of NEXT in a report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 7,768.57 ($93.87).

Insider Buying and Selling at NEXT

In related news, insider Michael J. Roney acquired 1,200 shares of the firm's stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of GBX 5,708 ($68.97) per share, with a total value of £68,496 ($82,764.62).