Barclays Reaffirms Overweight Rating for NEXT (LON:NXT)

NEXT (LON:NXTGet Rating)‘s stock had its “overweight” rating restated by equities research analysts at Barclays in a report issued on Tuesday, Marketbeat reports. They presently have a GBX 8,800 ($109.93) target price on the stock. Barclays‘s price target indicates a potential upside of 45.60% from the company’s previous close.

NXT has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their target price on NEXT from GBX 7,800 ($97.44) to GBX 7,280 ($90.94) and set a “neutral” rating on the stock in a report on Friday, March 25th. Shore Capital reissued a “hold” rating on shares of NEXT in a report on Monday, April 11th. Berenberg Bank lowered their target price on NEXT from GBX 7,100 ($88.69) to GBX 6,900 ($86.20) and set a “hold” rating on the stock in a report on Friday, April 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 7,500 ($93.69) price objective on shares of NEXT in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 9,250 ($115.55) price objective on shares of NEXT in a research note on Friday, March 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 8,428.75 ($105.29).

NXT stock opened at GBX 6,044 ($75.50) on Tuesday. NEXT has a fifty-two week low of GBX 5,578 ($69.68) and a fifty-two week high of GBX 8,484 ($105.98). The business’s 50-day moving average is GBX 6,227.33 and its two-hundred day moving average is GBX 7,225.92. The company has a debt-to-equity ratio of 208.54, a quick ratio of 1.38 and a current ratio of 1.99. The company has a market cap of £7.97 billion and a price-to-earnings ratio of 11.48.

NEXT Company Profile (Get Rating)

NEXT plc engages in the retail of clothing, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments.

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