NEXT’s (NXT) “Buy” Rating Reaffirmed at UBS Group
UBS Group restated their buy rating on shares of NEXT (LON:NXT) in a research note released on Thursday morning, investing.thisismoney.co.uk reports.
NXT has been the topic of several other research reports. Berenberg Bank raised NEXT to a hold rating and raised their price target for the stock from GBX 3,800 ($49.65) to GBX 4,100 ($53.57) in a report on Friday, January 4th. Liberum Capital raised NEXT to a buy rating and set a GBX 6,100 ($79.71) price target on the stock in a report on Thursday, January 3rd. Peel Hunt started coverage on NEXT in a report on Thursday, January 3rd. They issued a hold rating and a GBX 5,250 ($68.60) price target on the stock. HSBC cut their price target on NEXT from GBX 6,050 ($79.05) to GBX 5,900 ($77.09) and set a buy rating on the stock in a report on Tuesday, January 8th. Finally, Jefferies Financial Group cut their price target on NEXT from GBX 5,600 ($73.17) to GBX 4,600 ($60.11) and set a hold rating on the stock in a report on Friday, December 21st. Three equities research 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. The stock has an average rating of Hold and an average target price of GBX 5,317.27 ($69.48).
Shares of LON NXT opened at GBX 5,212 ($68.10) on Thursday. The company has a market capitalization of $6.92 billion and a P/E ratio of 12.27. NEXT has a 12-month low of GBX 3,970 ($51.88) and a 12-month high of GBX 6,224 ($81.33). The company has a debt-to-equity ratio of 303.13, a quick ratio of 1.15 and a current ratio of 1.65.
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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