NEXT’s (NXT) “Hold” Rating Reaffirmed at Shore Capital Group

Shore Capital Group reissued their hold rating on shares of NEXT (LON:NXT) in a report published on Wednesday, Marketbeat Ratings reports.

A number of other research analysts also recently weighed in on the company. Peel Hunt reissued a “hold” rating and issued a £130 price objective on shares of NEXT in a research note on Tuesday, November 25th. Jefferies Financial Group restated a “hold” rating and issued a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of £140.54.

NEXT Price Performance

Shares of NXT opened at £127.80 on Wednesday. The company has a debt-to-equity ratio of 117.05, a quick ratio of 1.07 and a current ratio of 1.74. The firm has a market cap of £14.79 billion, a PE ratio of 19.37, a PEG ratio of 5.66 and a beta of 1.13. The firm’s 50 day moving average price is £133.55 and its 200 day moving average price is £132.14. NEXT has a twelve month low of GBX 9,545.20 and a twelve month high of £146.40.

NEXT News Roundup

Here are the key news stories impacting NEXT this week:

• Neutral Sentiment: Shore Capital reaffirmed a “hold” rating on NEXT — a continuation of a cautious stance from the broker community that is unlikely to be a strong buy catalyst but maintains analyst coverage visibility. Digital Look
• Neutral Sentiment: Multiple headlines in the feed refer to WWE’s “NXT” (wrestling) — these items are unrelated to NEXT plc but could produce ticker-name noise in scanners or retail social media, temporarily affecting intraday flows. Example wrestling item: Booker T appreciation/steel cage match coverage. Booker T Appreciation Night — F4WOnline
• Negative Sentiment: Balance-sheet leverage is notable: NEXT shows a high debt-to-equity ratio (~117%), which raises refinancing and margin risk in a rising-rate or weaker-demand environment — a structural risk that many investors will treat as a negative. MarketBeat profile
• Negative Sentiment: Technical/context: the share price is below the 50-day and 200-day simple moving averages (50-day ~£133.55; 200-day ~£132.14), which is a mildly bearish signal for momentum-focused traders and could cap near-term upside. MarketBeat technicals

NEXT Company Profile

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.