NEXT (LON:NXT) Rating Reiterated by Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of NEXT (LON:NXT) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

NXT has been the topic of a number of other research reports. Credit Suisse Group boosted their price target on shares of NEXT from GBX 4,150 ($51.07) to GBX 4,500 ($55.38) and gave the stock an underperform rating in a research report on Tuesday, June 9th. Morgan Stanley decreased their price target on shares of NEXT from GBX 5,000 ($61.53) to GBX 3,400 ($41.84) and set an equal weight rating for the company in a research note on Tuesday, May 12th. JPMorgan Chase & Co. decreased their price target on shares of NEXT from GBX 5,700 ($70.15) to GBX 4,900 ($60.30) and set a neutral rating for the company in a research note on Monday, May 18th. UBS Group restated a buy rating on shares of NEXT in a research note on Monday, July 27th. Finally, Royal Bank of Canada boosted their price target on shares of 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. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. NEXT has a consensus rating of Hold and a consensus target price of GBX 5,310.14 ($65.35).

Shares of LON NXT opened at GBX 5,450 ($67.07) on Wednesday. The company has a market capitalization 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 company’s 50 day moving average price is GBX 4,988.30 and its 200-day moving average price is GBX 5,310.98.

About NEXT

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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