NEXT (LON:NXT)’s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research note issued on Thursday, Price Targets.com reports. They currently have a GBX 9,350 ($123.53) price target on the stock. Peel Hunt’s target price points to a potential upside of 18.26% from the company’s current price.
A number of other research analysts also recently issued reports on NXT. Barclays reissued an “overweight” rating and issued a GBX 8,800 ($116.26) price target on shares of NEXT in a report on Wednesday, October 20th. Shore Capital reissued an “under review” rating on shares of NEXT in a report on Wednesday, November 3rd. Peel Hunt reissued a “buy” rating and issued a GBX 9,350 ($123.53) price target on shares of NEXT in a report on Tuesday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 9,250 ($122.21) price target on shares of NEXT in a report on Thursday, November 4th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 8,731.25 ($115.36).
Shares of NEXT stock traded down GBX 2 ($0.03) on Thursday, reaching GBX 7,906 ($104.45). 230,538 shares of the stock were exchanged, compared to its average volume of 286,004. The company has a quick ratio of 1.49, a current ratio of 1.99 and a debt-to-equity ratio of 249.43. NEXT has a twelve month low of GBX 6,902.40 ($91.19) and a twelve month high of GBX 8,484 ($112.09). The firm has a market capitalization of £10.51 billion and a price-to-earnings ratio of 17.38. The business has a 50 day moving average price of GBX 8,009.36 and a two-hundred day moving average price of GBX 7,985.24.
In related news, insider Amanda James bought 108 shares of the company’s stock in a transaction on Tuesday, December 7th. The stock was bought at an average cost of GBX 3,825 ($50.54) per share, for a total transaction of £4,131 ($5,457.79).
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.