NEXT (LON:NXT) Receives “Buy” Rating from Shore Capital

NEXT (LON:NXT)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a report released on Thursday,London Stock Exchange reports.

NEXT Stock Up 9.8 %

NXT traded up GBX 973.69 ($12.54) during midday trading on Thursday, hitting £109.60 ($141.11). 7,723,274 shares of the company’s stock traded hands, compared to its average volume of 1,060,011. The company has a market cap of £12.90 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The stock’s fifty day simple moving average is GBX 9,790.25 and its 200-day simple moving average is GBX 9,860.26. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. NEXT has a one year low of GBX 8,598 ($110.70) and a one year high of £111.04 ($142.96).

NEXT (LON:NXT) last posted its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.92) earnings per share (EPS) for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, equities analysts anticipate that NEXT will post 660.7526882 earnings per share 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.