NEXT (LON:NXT)’s stock had its “outperform” rating reissued by research analysts at Royal Bank of Canada in a note issued to investors on Monday, Price Targets.com reports. They presently have a GBX 9,600 ($129.36) price objective on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 24.55% from the company’s current price.
NXT has been the topic of several other research reports. Shore Capital reaffirmed an “under review” rating on shares of NEXT in a research report on Thursday. Barclays reaffirmed an “overweight” rating and set a GBX 8,800 ($118.58) target price on shares of NEXT in a research report on Wednesday, October 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 9,350 ($125.99) target price on shares of NEXT in a research report on Tuesday, November 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 9,250 ($124.65) price target on shares of NEXT in a report on Thursday, November 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 7,800 ($105.11) price target on shares of NEXT in a report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 8,781.25 ($118.33).
Shares of LON:NXT opened at GBX 7,708 ($103.87) on Monday. The stock has a market cap of £10.25 billion and a price-to-earnings ratio of 16.95. 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 12-month low of GBX 7,214 ($97.21) and a 12-month high of GBX 8,484 ($114.32). The business’s 50 day moving average is GBX 8,060.84 and its 200 day moving average is GBX 7,970.52.
In other news, insider Amanda James bought 108 shares of the stock in a transaction on Tuesday, December 7th. The shares were purchased at an average cost of GBX 3,825 ($51.54) per share, for a total transaction of £4,131 ($5,566.64).
About NEXT
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.