NEXT plc (LON:NXT) Given Average Rating of “Hold” by Brokerages

NEXT plc (LON:NXT) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is £140.54.

NXT has been the topic of a number of research reports. Jefferies Financial Group reissued a “hold” rating and set a £140 price target on shares of NEXT in a report on Wednesday, January 7th. Shore Capital Group downgraded NEXT to a “hold” rating and lifted their target price for the company from £140 to £147.50 in a research note on Tuesday, November 4th. Berenberg Bank boosted their target price on NEXT from £147 to £178 and gave the company a “buy” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th. Finally, Peel Hunt reiterated a “hold” rating and issued a £130 price objective on shares of NEXT in a research report on Tuesday, November 25th.

Insider Buying and Selling at NEXT

In other news, insider Jeremy Stakol purchased 186 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of GBX 3,869 per share, for a total transaction of £7,196.34. 1.60% of the stock is currently owned by insiders.

NEXT Trading Up 0.6%

LON NXT opened at £129 on Friday. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. The firm has a market cap of £14.99 billion, a PE ratio of 19.55, a P/E/G ratio of 5.66 and a beta of 1.37. NEXT has a one year low of GBX 9,545.20 and a one year high of £146.40. The firm’s fifty day moving average is £136.66 and its two-hundred day moving average is £130.51.

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.