UBS Group Reaffirms Buy Rating for NEXT (LON:NXT)

UBS Group restated their buy rating on shares of NEXT (LON:NXT) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.

NXT has been the topic of several other reports. Royal Bank of Canada raised their target price on shares of NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the stock an outperform rating in a report on Tuesday, August 6th. Liberum Capital reaffirmed a buy rating on shares of NEXT in a research note on Thursday. Goldman Sachs Group raised shares of NEXT to a buy rating in a research note on Tuesday, August 13th. Credit Suisse Group raised shares of NEXT to a neutral rating and raised their price target for the stock from GBX 5,600 ($73.17) to GBX 6,000 ($78.40) in a research note on Monday, September 16th. Finally, Shore Capital reaffirmed a hold rating on shares of NEXT in a research note on Thursday. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 5,744.44 ($75.06).

Shares of NXT stock opened at GBX 5,988 ($78.24) on Friday. The company has a debt-to-equity ratio of 233.24, a quick ratio of 1.26 and a current ratio of 1.83. The company has a market capitalization of $7.98 billion and a P/E ratio of 13.83. The company’s 50 day moving average price is GBX 5,877.64 and its two-hundred day moving average price is GBX 5,635.13. NEXT has a 52 week low of GBX 3,970 ($51.88) and a 52 week high of GBX 6,218 ($81.25).

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

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Analyst Recommendations for NEXT (LON:NXT)

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