NEXT (LON:NXT) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reissued their hold rating on shares of NEXT (LON:NXT) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued research reports about the stock. UBS Group reissued a buy rating on shares of NEXT in a research report on Friday, September 20th. HSBC restated a buy rating on shares of NEXT in a report on Monday, September 16th. Liberum Capital restated a buy rating on shares of NEXT in a report on Thursday, September 19th. Royal Bank of Canada boosted 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 report on Tuesday, August 6th. Finally, Goldman Sachs Group upgraded shares of NEXT to a buy rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. NEXT has an average rating of Buy and a consensus target price of GBX 5,744.44 ($75.06).

LON:NXT opened at GBX 6,074 ($79.37) on Friday. The firm has a 50 day simple moving average of GBX 5,934.52 and a 200-day simple moving average of GBX 5,715.56. The company has a debt-to-equity ratio of 233.24, a current ratio of 1.83 and a quick ratio of 1.26. The firm has a market cap of $8.03 billion and a PE ratio of 14.03. NEXT has a 1-year low of GBX 3,970 ($51.88) and a 1-year high of GBX 6,218 ($81.25).

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

About NEXT

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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