NEXT plc (LON:NXT) Receives £140.98 Average Price Target from Analysts

NEXT plc (LON:NXT) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is £140.98.

NXT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th. Berenberg Bank restated a “buy” rating and set a £180 price target on shares of NEXT in a report on Friday, March 27th. Jefferies Financial Group restated a “hold” rating and set a £140 price target on shares of NEXT in a report on Wednesday, January 7th. UBS Group reiterated a “buy” rating and issued a £152 target price on shares of NEXT in a report on Wednesday, March 25th. Finally, Citigroup dropped their target price on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a report on Wednesday, April 8th.

NEXT Stock Up 0.7%

Shares of LON NXT opened at £132.43 on Thursday. The company has a 50 day simple moving average of £129.69 and a 200-day simple moving average of £133.93. The company has a market capitalization of £15.18 billion, a P/E ratio of 17.77, a P/E/G 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. NEXT has a 1 year low of £112 and a 1 year high of £146.40.

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

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.