NEXT (LON:NXT) had its price objective upped by equities researchers at Royal Bank of Canada from GBX 5,700 ($74.48) to GBX 6,200 ($81.01) in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 6.97% from the company’s current price.
Several other research firms also recently commented on NXT. Jefferies Financial Group boosted their target price on shares of NEXT from GBX 4,600 ($60.11) to GBX 5,200 ($67.95) and gave the stock a “hold” rating in a report on Monday. Shore Capital reissued a “hold” rating on shares of NEXT in a report on Friday, March 29th. UBS Group reissued a “buy” rating on shares of NEXT in a report on Friday, March 22nd. Credit Suisse Group reissued an “underperform” rating on shares of NEXT in a report on Friday, March 22nd. Finally, HSBC boosted their target price on shares of NEXT from GBX 5,900 ($77.09) to GBX 6,300 ($82.32) and gave the stock a “buy” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. NEXT currently has an average rating of “Hold” and an average price target of GBX 5,399.09 ($70.55).
NXT opened at GBX 5,796 ($75.74) on Wednesday. The company has a market capitalization of $7.68 billion and a price-to-earnings ratio of 13.39. NEXT has a 1-year low of GBX 3,970 ($51.88) and a 1-year high of GBX 6,224 ($81.33). The company has a debt-to-equity ratio of 233.24, a current ratio of 1.83 and a quick ratio of 1.26.
In other NEXT news, insider Amanda James purchased 1,013 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were bought at an average price of GBX 4,895 ($63.96) per share, with a total value of £49,586.35 ($64,793.35). Also, insider Tristia Harrison purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of GBX 5,086 ($66.46) per share, for a total transaction of £50,860 ($66,457.60).
NEXT Company Profile
NEXT plc engages in the retail of clothing, footwear, accessories, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in six segments: NEXT Retail, NEXT Online, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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