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

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

NXT has been the topic of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of NEXT in a research report on Wednesday, January 7th. Jefferies Financial Group reiterated a “hold” rating and issued a £140 target price on shares of NEXT in a research note on Wednesday, January 7th. Shore Capital Group lowered NEXT to a “hold” rating and boosted their price target for the stock from £140 to £147.50 in a research report on Tuesday, November 4th. Finally, Peel Hunt restated a “hold” rating and issued a £130 price target on shares of NEXT in a report on Tuesday, November 25th.

NEXT Price Performance

NEXT stock opened at £130.30 on Wednesday. The firm has a fifty day moving average of £134.21 and a 200-day moving average of £131.83. NEXT has a 52-week low of GBX 9,545.20 and a 52-week high of £146.40. The company has a quick ratio of 1.07, a current ratio of 1.74 and a debt-to-equity ratio of 117.05. The firm has a market capitalization of £15.14 billion, a P/E ratio of 19.75, a PEG ratio of 5.66 and a beta of 1.14.

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.