UBS Group Reiterates “Buy” Rating for NEXT (LON:NXT)

UBS Group restated their buy rating on shares of NEXT (LON:NXT) in a research note published on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also commented on the company. Peel Hunt reaffirmed a hold rating and issued a GBX 5,800 ($75.79) price objective (up from GBX 5,600 ($73.17)) on shares of NEXT in a research note on Monday, July 29th. Goldman Sachs Group raised NEXT to a buy rating in a research note on Tuesday, August 13th. Berenberg Bank reaffirmed a hold rating and issued a GBX 4,100 ($53.57) price objective on shares of NEXT in a research note on Monday, July 29th. Liberum Capital lifted their price objective on NEXT from GBX 6,100 ($79.71) to GBX 6,500 ($84.93) and gave the stock a buy rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their price objective on NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the stock an outperform rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 5,744.44 ($75.06).

NEXT stock opened at GBX 6,150 ($80.36) on Friday. The stock’s 50 day moving average is GBX 5,845.32 and its 200 day moving average is GBX 5,611.78. The company has a debt-to-equity ratio of 233.24, a current ratio of 1.83 and a quick ratio of 1.26. The firm has a market cap of $8.16 billion and a P/E ratio of 14.20. NEXT has a one year low of GBX 3,970 ($51.88) and a one year high of GBX 6,218 ($81.25).

About NEXT

NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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Analyst Recommendations for NEXT (LON:NXT)

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