NEXT’s (NXT) Hold Rating Reaffirmed at Jefferies Financial Group

NEXT (LON:NXT)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a research report issued on Wednesday, London Stock Exchange reports. They currently have a £158 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 4.26% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Berenberg Bank restated a “buy” rating and set a £187 target price on shares of NEXT in a report on Friday, September 18th. Peel Hunt reaffirmed a “hold” rating and issued a £139 price target on shares of NEXT in a report on Wednesday, August 5th. Shore Capital Group reaffirmed a “buy” rating and issued a £175 price target on shares of NEXT in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a £140 price objective on shares of NEXT in a research report on Thursday, August 6th. Finally, Citigroup boosted their price objective on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of £155.80.

NEXT Stock Performance

NXT opened at £151.55 on Wednesday. The firm has a market capitalization of £17.30 billion, a PE ratio of 19.28, a PEG ratio of 5.66 and a beta of 1.07. NEXT has a twelve month low of £116.95 and a twelve month high of £161.75. The firm’s 50-day moving average price is £149.47 and its 200 day moving average price is £142.84. The company has a current ratio of 1.55, a quick ratio of 1.07 and a debt-to-equity ratio of 129.98.

NEXT (LON:NXT) last announced its quarterly earnings data on Thursday, September 17th. The company reported GBX 364.30 earnings per share (EPS) for the quarter. NEXT had a net margin of 12.89% and a return on equity of 58.63%. As a group, sell-side analysts expect that NEXT will post 660.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeni Mundy bought 160 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of £155.45 per share, for a total transaction of £24,872. 1.49% of the stock is owned by insiders.

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.