NEXT (LON:NXT) Receives Overweight Rating from Barclays

Barclays reiterated their overweight rating on shares of NEXT (LON:NXTGet Rating) in a report published on Tuesday morning, MarketBeat reports. Barclays currently has a GBX 8,100 ($97.87) target price on the stock.

Several other brokerages have also recently commented on NXT. Shore Capital reiterated a hold rating on shares of NEXT in a report on Thursday, August 4th. Jefferies Financial Group dropped their price target on NEXT from GBX 6,350 ($76.73) to GBX 5,500 ($66.46) and set a hold rating on the stock in a research note on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft dropped their price target on NEXT from GBX 7,850 ($94.85) to GBX 6,200 ($74.92) and set a buy rating on the stock in a research note on Tuesday, July 5th. JPMorgan Chase & Co. dropped their price target on NEXT from GBX 7,280 ($87.97) to GBX 6,000 ($72.50) and set a neutral rating on the stock in a research note on Wednesday, September 7th. Finally, Royal Bank of Canada reissued an outperform rating and issued a GBX 7,200 ($87.00) price target on shares of NEXT in a research note on Monday, May 30th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of GBX 7,325 ($88.51).

NEXT Stock Performance

Shares of NXT stock opened at GBX 5,708 ($68.97) on Tuesday. The business’s 50 day simple moving average is GBX 6,237.86 and its 200 day simple moving average is GBX 6,200.23. NEXT has a one year low of GBX 5,578 ($67.40) and a one year high of GBX 8,484 ($102.51). The stock has a market capitalization of £7.38 billion and a PE ratio of 1,092.37. The company has a debt-to-equity ratio of 208.54, a current ratio of 1.99 and a quick ratio of 1.38.

NEXT Company Profile

(Get Rating)

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

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