NEXT (LON:NXT) Rating Reiterated by Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of NEXT (LON:NXT) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently issued reports on NXT. Credit Suisse Group upgraded NEXT to a neutral rating and boosted their price objective for the company from GBX 5,600 ($73.17) to GBX 6,000 ($78.40) in a research report on Monday, September 16th. Shore Capital restated a hold rating on shares of NEXT in a research report on Thursday. HSBC restated a buy rating on shares of NEXT in a research report on Monday, September 16th. Royal Bank of Canada boosted their price objective on NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the company an outperform rating in a research report on Tuesday, August 6th. Finally, Goldman Sachs Group upgraded NEXT to a buy rating in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 5,744.44 ($75.06).

NXT opened at GBX 5,988 ($78.24) on Thursday. The stock has a market cap of $7.98 billion and a PE ratio of 13.83. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 233.24. NEXT has a 1 year low of GBX 3,970 ($51.88) and a 1 year high of GBX 6,218 ($81.25). The stock’s 50 day simple moving average is GBX 5,877.64 and its 200-day simple moving average is GBX 5,635.13.



The company also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 57.50 ($0.75) per share. This represents a dividend yield of 0.99%. The ex-dividend date 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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