Key Points
- NEXT insider Wolfson Aspley Guise sold 20,272 shares at an average price of £156.89, generating proceeds of approximately £3.18 million.
- NEXT shares opened at £156.85, near their 52-week high of £161.75, with a £17.90 billion market capitalization and trading above both their 50-day and 200-day moving averages.
- Analyst sentiment remains mixed: Berenberg and Shore Capital maintained “buy” ratings and raised or reiterated targets, while several other brokers retained “hold” or “neutral” ratings. The overall consensus is “Hold,” with an average target price of £153.55.
NEXT plc (LON:NXT - Get Free Report) insider Wolfson Aspley Guise sold 20,272 shares of the company's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of £156.89, for a total transaction of £3,180,474.08.
NEXT Price Performance
Shares of NXT opened at £156.85 on Monday. The business's 50-day moving average is £145.28 and its two-hundred day moving average is £135.41. The company has a market capitalization of £17.90 billion, a P/E ratio of 21.04, a P/E/G ratio of 5.66 and a beta of 1.04. NEXT plc has a fifty-two week low of £112 and a fifty-two week high of £161.75. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on NXT. Shore Capital Group reiterated a "buy" rating and set a £175 price target on shares of NEXT in a research report on Thursday. Berenberg Bank raised their price objective on shares of NEXT from £180 to £187 and gave the stock a "buy" rating in a research note on Thursday. Peel Hunt reaffirmed a "hold" rating and set a £139 target price on shares of NEXT in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of NEXT from £130.30 to £140.40 and gave the company a "neutral" rating in a report on Thursday. Finally, Citigroup increased their price target on shares of NEXT from £132 to £155 and gave the stock a "neutral" rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of £153.55.
Check Out Our Latest Report on NXT
Key Stories Impacting NEXT
Here are the key news stories impacting NEXT this week:
- Positive Sentiment: Berenberg raised its price target from £180 to £187 and maintained a “buy” rating, indicating confidence in NEXT’s earnings outlook and potential upside. Broker ratings
- Positive Sentiment: Shore Capital reaffirmed its “buy” rating with a £175 price target, also pointing to further potential gains for the retailer. Broker ratings
- Neutral Sentiment: Citigroup raised its target from £132 to £155 but retained a “neutral” rating, while JPMorgan lifted its target from £130.30 to £140.40 and also remained neutral. Their targets remain below NEXT’s recent trading level, limiting the positive impact of the revisions. Broker views
- Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating with a £140 target, and Peel Hunt separately maintained its “hold” recommendation. The continued cautious ratings reinforce concerns that much of NEXT’s expected performance may already be reflected in the share price. Peel Hunt reaffirms Hold rating for NEXT
- Neutral Sentiment: Across the brokerage coverage cited, NEXT has an average “hold” rating. This balanced outlook helps explain the weaker share-price performance despite multiple target increases. NEXT given average Hold rating
About NEXT
(
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Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.
NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East. The company's main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.
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