NEXT (LON: NXT)Peel Hunt stock reiterated its “buy” note by Peel Hunt stock researchers in a research note released Thursday, Price Targets.com reports. They currently have a GBX 9,350 ($ 123.53) price target on the stock. Peel Hunt’s target price indicates a potential increase of 18.26% from the company’s current price.
A number of other research analysts have also recently published reports on NXT. Barclays reissued an “overweight” rating and issued a GBX 8,800 ($ 116.26) price target on NEXT shares in a report released on Wednesday, October 20. Shore Capital reissued a “under review” rating on NEXT shares in a report released on Wednesday, November 3. Peel Hunt reissued a “buy” note and issued a target price of GBX 9,350 ($ 123.53) on shares of NEXT in a report released on Tuesday, November 2. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” note and issued a GBX 9,250 ($ 122.21) price target on NEXT shares in a report released on Thursday, November 4. Four equity research analysts rated the stock with a conservation rating and five gave the company’s stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of 8,731.25 GBX ($ 115.36).
Shares of NEXT traded lower GBX 2 ($ 0.03) on Thursday, reaching 7,906 GBX ($ 104.45). 230,538 shares were traded, for an average volume of 286,004. The company has a quick ratio of 1.49, a current ratio of 1.99 and a debt ratio of 249.43. NEXT has a twelve month minimum of GBX 6,902.40 ($ 91.19) and a twelve month maximum of GBX 8,484 ($ 112.09). The company has a market capitalization of £ 10.51 billion and a price-to-earnings ratio of 17.38. The company has a 50-day mobile average price of 8,009.36 GBX and a two-hundred-day mobile average price of 7,985.24 GBX.
Separately, insider Amanda James bought 108 shares of the company in a trade on Tuesday, December 7. The share was bought at an average price of 3,825 GBX ($ 50.54) per share, for a total trade of £ 4,131 ($ 5,457.79).
NEXT Company Profile
NEXT plc is engaged in the retailing of clothing, footwear and home products in the UK, the rest of Europe, the Middle East, Asia and overseas. The company operates through the NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, NENA and Property Management segments.
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