Shore Capital Reaffirms “Hold” Rating for NEXT (LON:NXT)

Shore Capital reaffirmed their hold rating on shares of NEXT (LON:NXT) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued reports about the company. Liberum Capital increased their price objective 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. Berenberg Bank reiterated a hold rating and set a GBX 4,100 ($53.57) price objective on shares of NEXT in a report on Monday, July 29th. Peel Hunt reiterated a hold rating and set a GBX 5,800 ($75.79) price objective (up from GBX 5,600 ($73.17)) on shares of NEXT in a report on Monday, July 29th. Credit Suisse Group upgraded NEXT to a neutral rating and increased their price objective for the stock from GBX 5,600 ($73.17) to GBX 6,000 ($78.40) in a report on Monday, September 16th. Finally, Goldman Sachs Group upgraded NEXT to a buy rating in a report on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 5,744.44 ($75.06).

Shares of NEXT stock opened at GBX 5,988 ($78.24) on Thursday. NEXT has a 1 year low of GBX 3,970 ($51.88) and a 1 year high of GBX 6,218 ($81.25). The business has a 50-day moving average of GBX 5,877.64 and a two-hundred day moving average of GBX 5,635.13. The company has a market capitalization of $7.98 billion and a P/E ratio of 13.83. The company has a debt-to-equity ratio of 233.24, a current ratio of 1.83 and a quick ratio of 1.26.

The company also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 5th will be issued a dividend of GBX 57.50 ($0.75) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 0.99%. NEXT’s payout ratio is presently 0.38%.

NEXT Company Profile

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.

Further Reading: How does a security become overbought?

Analyst Recommendations for NEXT (LON:NXT)

Receive News & Ratings for NEXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXT and related companies with's FREE daily email newsletter.