NEXT (LON:NXT) Rating Reiterated by Shore Capital

NEXT (LON:NXT)‘s stock had its “under review” rating reissued by Shore Capital in a research report issued on Wednesday, Price reports.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada downgraded shares of NEXT to a “sector perform” rating in a report on Thursday, July 1st. Liberum Capital reaffirmed a “buy” rating and issued a GBX 9,000 ($117.59) price objective on shares of NEXT in a research report on Friday, May 7th. JPMorgan Chase & Co. increased their price objective on shares of NEXT from GBX 7,135 ($93.22) to GBX 7,700 ($100.60) and gave the company a “neutral” rating in a research note on Friday, May 14th. Barclays restated an “overweight” rating and issued a GBX 8,700 ($113.67) target price on shares of NEXT in a research note on Tuesday, June 1st. Finally, Numis Securities reaffirmed an “add” rating on shares of NEXT in a research report on Thursday, May 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 7,131.25 ($93.17).

NEXT stock traded up GBX 74 ($0.97) during trading on Wednesday, hitting GBX 8,020 ($104.78). 293,809 shares of the company were exchanged, compared to its average volume of 301,293. The company has a market capitalization of £10.66 billion and a P/E ratio of 36.14. The firm has a 50 day simple moving average of GBX 7,958.86. NEXT has a 52 week low of GBX 5,028 ($65.69) and a 52 week high of GBX 8,404 ($109.80). The company has a debt-to-equity ratio of 370.27, a current ratio of 1.91 and a quick ratio of 1.41.

In related news, insider Richard Papp sold 9,400 shares of NEXT stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of GBX 8,348 ($109.07), for a total value of £784,712 ($1,025,231.25).

NEXT Company Profile

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

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Analyst Recommendations for NEXT (LON:NXT)

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