NEXT (LON:NXT) Price Target Raised to GBX 3,650

NEXT (LON:NXT) had its price target hoisted by Morgan Stanley from GBX 3,400 ($41.84) to GBX 3,650 ($44.92) in a research note issued to investors on Thursday, Digital Look reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also weighed in on NXT. Royal Bank of Canada raised their price objective on NEXT from GBX 5,500 ($67.68) to GBX 5,700 ($70.15) and gave the company a sector performer rating in a research note on Monday, July 20th. UBS Group reaffirmed a buy rating on shares of NEXT in a research note on Monday, July 27th. Goldman Sachs Group lowered NEXT to a sell rating and reduced their price objective for the company from GBX 5,300 ($65.22) to GBX 4,400 ($54.15) in a research note on Friday, July 3rd. JPMorgan Chase & Co. reduced their price objective on NEXT from GBX 5,700 ($70.15) to GBX 4,900 ($60.30) and set a neutral rating on the stock in a research note on Monday, May 18th. Finally, Peel Hunt reaffirmed a buy rating on shares of NEXT in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 5,310.14 ($65.35).

NXT opened at GBX 5,450 ($67.07) on Thursday. The firm has a market cap of $7.25 billion and a P/E ratio of 11.63. NEXT has a 52-week low of GBX 48.36 ($0.60) and a 52-week high of GBX 7,358 ($90.55). The company has a debt-to-equity ratio of 565.39, a quick ratio of 1.44 and a current ratio of 2.06. The business’s fifty day moving average is GBX 4,988.30 and its 200-day moving average is GBX 5,310.98.

NEXT Company Profile

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

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Analyst Recommendations for NEXT (LON:NXT)

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