NEXT plc (LON:NXT) Receives Average Rating of “Hold” from Analysts

Shares of NEXT plc (LON:NXT) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is £140.97.

Several research firms recently weighed in on NXT. Citigroup dropped their price target on NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Shore Capital Group reissued a “buy” rating on shares of NEXT in a research report on Wednesday, May 6th. Berenberg Bank restated a “buy” rating and set a £180 price target on shares of NEXT in a report on Friday, May 15th. Finally, UBS Group reaffirmed a “buy” rating and set a £152 price objective on shares of NEXT in a research report on Wednesday, March 25th.

Insiders Place Their Bets

In related news, insider Amy Stirling purchased 375 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of £133.06 per share, with a total value of £49,897.50. Also, insider Jonathan Blanchard sold 18,012 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total value of £2,666,136.24. Company insiders own 1.66% of the company’s stock.

NEXT Stock Up 0.8%

Shares of NXT traded up GBX 115 during mid-day trading on Tuesday, reaching £145.55. The company’s stock had a trading volume of 22,489,410 shares, compared to its average volume of 5,572,007. The business has a fifty day moving average of £135.79 and a 200 day moving average of £133.50. The company has a market cap of £16.61 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. NEXT has a 1 year low of £112 and a 1 year high of £148.80. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79.

NEXT Company Profile

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.