JPMorgan Chase & Co. Forecasts Strong Price Appreciation for NEXT (LON:NXT) Stock

NEXT (LON:NXT) had its price target increased by equities researchers at JPMorgan Chase & Co. from £117 to £130.30 in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 9.04% from the company’s current price.

A number of other research analysts also recently issued reports on NXT. Shore Capital restated a “buy” rating on shares of NEXT in a research report on Thursday, September 18th. Peel Hunt restated a “hold” rating and issued a £115 price target on shares of NEXT in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of NEXT from £108 to £116 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a £142 price objective on shares of NEXT in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NEXT currently has a consensus rating of “Moderate Buy” and a consensus target price of £136.26.

NEXT Trading Down 1.3%

NEXT stock opened at £143.25 on Thursday. The firm’s 50-day moving average is £124.95 and its 200-day moving average is £123.81. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. NEXT has a 1 year low of GBX 9,028 and a 1 year high of £146. The company has a market cap of £16.65 billion, a P/E ratio of 21.71, a PEG ratio of 5.66 and a beta of 1.37.

NEXT (LON:NXT) last posted its quarterly earnings results on Thursday, September 18th. The company reported GBX 324.20 earnings per share (EPS) for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. On average, equities analysts expect that NEXT will post 660.7526882 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Richard Papp sold 2,518 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of £140.44, for a total value of £353,627.92. Also, insider Wolfson Aspley Guise sold 50,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of £145.20, for a total transaction of £7,260,000. Corporate insiders own 1.56% of the company’s stock.

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.