Key Points
- Insider purchase: NEXT director Jeni Mundy bought 160 shares at £155.45 each, for a total investment of £24,872.
- Stock performance: NEXT shares opened at £153.30, down 1.6%, with a market capitalization of approximately £17.5 billion. The stock has traded between £112 and £161.75 over the past year.
- Analyst view: Broker ratings remain mixed, with three Buy ratings and five Holds; the overall consensus is Hold, with an average price target of £153.55.
NEXT plc (LON:NXT - Get Free Report) insider Jeni Mundy acquired 160 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of £155.45 per share, with a total value of £24,872.
NEXT Stock Down 1.6%
NXT stock opened at £153.30 on Thursday. NEXT plc has a twelve month low of £112 and a twelve month high of £161.75. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79. The stock's 50 day moving average is £146.71 and its 200-day moving average is £135.82. The firm has a market capitalization of £17.50 billion, a PE ratio of 20.57, a P/E/G ratio of 5.66 and a beta of 1.04.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NXT. Peel Hunt restated a "hold" rating and set a £139 price objective on shares of NEXT in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased 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, August 6th. Berenberg Bank boosted their price target on shares of NEXT from £180 to £187 and gave the stock a "buy" rating in a report on Thursday, August 6th. Shore Capital Group reaffirmed a "buy" rating and issued a £175 price objective on shares of NEXT in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a £140 price objective on shares of NEXT in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of £153.55.
Read Our Latest Report on NXT
About NEXT
(
Get Free Report)
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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