Peel Hunt reiterated their buy rating on shares of NEXT (LON:NXT) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports.
Other analysts have also recently issued research reports about the stock. Morgan Stanley lowered their target price on shares of NEXT from GBX 5,000 ($61.53) to GBX 3,400 ($41.84) and set an equal weight rating on the stock in a research note on Tuesday, May 12th. Credit Suisse Group upped their price objective on shares of NEXT from GBX 4,150 ($51.07) to GBX 4,500 ($55.38) and gave the stock an underperform rating in a research note on Tuesday, June 9th. Jefferies Financial Group decreased their price objective on shares of NEXT from GBX 5,600 ($68.91) to GBX 5,300 ($65.22) and set a hold rating on the stock in a research note on Friday, July 24th. Liberum Capital reaffirmed a buy rating on shares of NEXT in a research note on Thursday, April 30th. Finally, Royal Bank of Canada upped their price objective on shares of NEXT from GBX 5,500 ($67.68) to GBX 5,700 ($70.15) and gave the stock a sector performer rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. NEXT presently has an average rating of Hold and a consensus price target of GBX 5,310.14 ($65.35).
LON NXT opened at GBX 5,450 ($67.07) on Wednesday. The stock has a market cap of $7.25 billion and a P/E ratio of 11.63. The company’s 50-day simple moving average is GBX 4,988.30 and its 200 day simple moving average is GBX 5,310.98. NEXT has a twelve month low of GBX 48.36 ($0.60) and a twelve month high of GBX 7,358 ($90.55). The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 565.39.
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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