NEXT (LON:NXT) Insider Wolfson Aspley Guise Sells 20,272 Shares

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 20,272 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of £156.89, for a total transaction of £3,180,474.08.

NEXT Trading Down 0.2%

Shares of NXT stock traded down GBX 30 during trading on Friday, hitting £156.85. 427,103 shares of the stock traded hands, compared to its average volume of 4,631,718. The firm has a market capitalization of £17.90 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07. The firm’s fifty day moving average price is £145.28 and its 200-day moving average price is £135.41. NEXT plc has a 52-week low of £112 and a 52-week high of £161.75.

More NEXT News

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Berenberg raised its price target from £180 to £187 and maintained a “buy” rating, indicating confidence in NEXT’s earnings outlook and potential upside. Broker ratings
• Positive Sentiment: Shore Capital reaffirmed its “buy” rating with a £175 price target, also pointing to further potential gains for the retailer. Broker ratings
• Neutral Sentiment: Citigroup raised its target from £132 to £155 but retained a “neutral” rating, while JPMorgan lifted its target from £130.30 to £140.40 and also remained neutral. Their targets remain below NEXT’s recent trading level, limiting the positive impact of the revisions. Broker views
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating with a £140 target, and Peel Hunt separately maintained its “hold” recommendation. The continued cautious ratings reinforce concerns that much of NEXT’s expected performance may already be reflected in the share price. Peel Hunt reaffirms Hold rating for NEXT
• Neutral Sentiment: Across the brokerage coverage cited, NEXT has an average “hold” rating. This balanced outlook helps explain the weaker share-price performance despite multiple target increases. NEXT given average Hold rating

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Shore Capital Group restated a “buy” rating and issued a £175 target price on shares of NEXT in a research report on Thursday. Berenberg Bank increased their price target on NEXT from £180 to £187 and gave the stock a “buy” rating in a report on Thursday. Peel Hunt reissued a “hold” rating and set a £139 price objective on shares of NEXT in a research report on Wednesday. Citigroup boosted their price objective on shares of NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of £153.55.

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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.