NEXT (LON:NXT) Stock Rating Reaffirmed by Shore Capital

NEXT (LON:NXTGet Rating)‘s stock had its “hold” rating reaffirmed by equities research analysts at Shore Capital in a report issued on Tuesday, MarketBeat.com reports.

Several other brokerages also recently commented on NXT. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 7,850 ($99.32) price objective on shares of NEXT in a research report on Friday, May 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 7,280 ($92.11) target price on shares of NEXT in a report on Friday, May 6th. Berenberg Bank decreased their price objective on NEXT from GBX 7,100 ($89.83) to GBX 6,900 ($87.30) and set a “hold” rating for the company in a report on Friday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a GBX 7,200 ($91.09) target price on shares of NEXT in a research note on Monday. Finally, Barclays restated an “overweight” rating and issued a GBX 8,800 ($111.34) target price on shares of NEXT in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 8,104.29 ($102.53).

LON:NXT traded down GBX 141.01 ($1.78) during trading hours on Tuesday, reaching GBX 6,472.99 ($81.90). 841,865 shares of the company traded hands, compared to its average volume of 390,211. The business’s 50-day moving average price is GBX 6,186.33 and its two-hundred day moving average price is GBX 6,999.52. The stock has a market capitalization of £8.49 billion and a P/E ratio of 12.35. NEXT has a 1 year low of GBX 5,578 ($70.57) and a 1 year high of GBX 8,484 ($107.34). The company has a current ratio of 1.99, a quick ratio of 1.38 and a debt-to-equity ratio of 208.54.

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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