Citigroup Issues Pessimistic Forecast for NEXT (LON:NXT) Stock Price

NEXT (LON:NXT) had its price objective cut by analysts at Citigroup from £135.42 to £132 in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential downside of 1.75% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a research note on Thursday, March 26th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th. Jefferies Financial Group reiterated a “hold” rating and issued a £140 price target on shares of NEXT in a research note on Wednesday, January 7th. Berenberg Bank reiterated a “buy” rating and issued a £180 price target on shares of NEXT in a research note on Friday, March 27th. Finally, UBS Group reiterated a “buy” rating and issued a £152 price target on shares of NEXT in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of £140.98.

NEXT Stock Up 0.9%

LON NXT opened at £134.35 on Wednesday. NEXT has a fifty-two week low of £109.30 and a fifty-two week high of £146.40. The stock has a market capitalization of £15.40 billion, a PE ratio of 18.02, a PEG ratio of 5.66 and a beta of 1.08. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07. The business has a fifty day moving average price of £128.67 and a two-hundred day moving average price of £132.97.

NEXT (LON:NXT) last announced its quarterly earnings results on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. Equities analysts expect that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Key NEXT News

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Analyst/market write‑up arguing NEXT’s investment case is shifting with a new £18,000 valuation target — this piece recasts NEXT as having stronger long‑term upside, which can support buying interest. How The NEXT (LSE:NXT) Investment Story Is Shifting With The New £18,000 Valuation Target
• Neutral Sentiment: Numerous media hits reference “NXT” in the context of WWE (programming, event previews, match results). These are unrelated to NEXT plc’s retail business but can clutter headlines and social feeds — monitor ticker/SEO noise which sometimes causes short‑term attention/flow unrelated to fundamentals. Representative example: WWE NXT coverage. Why NXT revenge deserves your attention
• Negative Sentiment: Citigroup trimmed its price target for NEXT from ~£135.42 to £132 and moved to a “neutral” rating — a downward revision that can cap upside and prompt some profit‑taking. Coverage referenced on broker pages and financial sites. Broker note reporting Citigroup price target cut

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.