NEXT’s (NXT) “Hold” Rating Reiterated at Jefferies Financial Group

NEXT (LON:NXT)‘s stock had its “hold” rating restated by investment analysts at Jefferies Financial Group in a research report issued on Wednesday, MarketBeat.com reports. They currently have a £158 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 3.67% from the company’s previous close.

NXT has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a £140 target price on shares of NEXT in a report on Thursday, August 6th. Citigroup lifted their price target on NEXT from £132 to £155 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Shore Capital Group reissued a “buy” rating and set a £175 price objective on shares of NEXT in a report on Thursday, September 17th. Berenberg Bank reissued a “buy” rating and set a £187 price objective on shares of NEXT in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. increased their price objective on NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, NEXT currently has an average rating of “Hold” and a consensus target price of £155.80.

NEXT Stock Up 0.3%

NEXT stock traded up GBX 45 during mid-day trading on Wednesday, reaching £152.40. The stock had a trading volume of 628,544 shares, compared to its average volume of 4,052,245. The company has a debt-to-equity ratio of 129.98, a quick ratio of 1.07 and a current ratio of 1.55. NEXT has a fifty-two week low of £116.95 and a fifty-two week high of £161.75. The stock’s 50-day simple moving average is £149.47 and its 200-day simple moving average is £142.84. The firm has a market capitalization of £17.40 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 5.66 and a beta of 1.07.

NEXT (LON:NXT) last posted its quarterly earnings results 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%. On average, sell-side analysts forecast that NEXT will post 660.75 EPS for the current fiscal year.

Insider Activity

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