NEXT’s (NXT) “Buy” Rating Reiterated at HSBC

HSBC reiterated their buy rating on shares of NEXT (LON:NXT) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.

NXT has been the topic of several other research reports. Peel Hunt reissued a hold rating and issued a GBX 5,800 ($75.79) target price (up previously from GBX 5,600 ($73.17)) on shares of NEXT in a research note on Monday, July 29th. Goldman Sachs Group raised shares of NEXT to a buy rating in a research note on Tuesday, August 13th. Royal Bank of Canada increased their target price on shares of NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the company an outperform rating in a research note on Tuesday, August 6th. Berenberg Bank reissued a hold rating and issued a GBX 4,100 ($53.57) target price on shares of NEXT in a research note on Monday, July 29th. Finally, Liberum Capital increased their target price on shares of NEXT from GBX 6,100 ($79.71) to GBX 6,500 ($84.93) and gave the company a buy rating in a research note on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. NEXT has an average rating of Hold and a consensus price target of GBX 5,744.44 ($75.06).

Shares of NXT opened at GBX 5,820 ($76.05) on Monday. NEXT has a twelve month low of GBX 3,970 ($51.88) and a twelve month high of GBX 6,218 ($81.25). The company has a market cap of $8.10 billion and a P/E ratio of 13.44. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 233.24. The company’s fifty day simple moving average is GBX 5,872.12 and its 200-day simple moving average is GBX 5,630.22.



The business also recently declared a dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 5th will be paid a GBX 57.50 ($0.75) dividend. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 5th. NEXT’s dividend payout ratio is presently 0.38%.

NEXT Company Profile

NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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Analyst Recommendations for NEXT (LON:NXT)

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