UBS Group Reiterates “Buy” Rating for NEXT (LON:NXT)
UBS Group reissued their buy rating on shares of NEXT (LON:NXT) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.
NXT has been the subject of a number of other research reports. Berenberg Bank reissued a hold rating and set a GBX 4,100 ($53.57) target price on shares of NEXT in a report on Monday, July 29th. Peel Hunt reissued a hold rating and set a GBX 5,800 ($75.79) target price (up previously from GBX 5,600 ($73.17)) on shares of NEXT in a report on Monday, July 29th. Liberum Capital lifted their target price on NEXT from GBX 6,100 ($79.71) to GBX 6,500 ($84.93) and gave the stock a buy rating in a report on Wednesday, July 31st. Goldman Sachs Group raised NEXT to a buy rating in a report on Tuesday, August 13th. Finally, Shore Capital reissued a hold rating on shares of NEXT in a report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. NEXT currently has a consensus rating of Hold and an average price target of GBX 5,744.44 ($75.06).
Shares of NEXT stock opened at GBX 6,150 ($80.36) on Friday. The business has a fifty day simple moving average of GBX 5,845.32 and a two-hundred day simple moving average of GBX 5,611.78. NEXT has a 1 year low of GBX 3,970 ($51.88) and a 1 year high of GBX 6,218 ($81.25). The company has a market capitalization of $8.16 billion and a price-to-earnings ratio of 14.20. The company has a debt-to-equity ratio of 233.24, a current ratio of 1.83 and a quick ratio of 1.26.
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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