Liberum Capital Reiterates Buy Rating for NEXT (LON:NXT)

NEXT (LON:NXT)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research report issued on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

NXT has been the subject of a number of other reports. Credit Suisse Group upgraded NEXT to a “neutral” rating and increased their target price for the company from GBX 5,600 ($73.17) to GBX 6,000 ($78.40) in a research report on Monday, September 16th. HSBC restated a “buy” rating on shares of NEXT in a research report on Monday, September 16th. Royal Bank of Canada raised their price target on NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Goldman Sachs Group upgraded NEXT to a “buy” rating in a research report on Tuesday, August 13th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 5,800 ($75.79) price target (up from GBX 5,600 ($73.17)) on shares of NEXT in a research report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. NEXT presently has a consensus rating of “Buy” and an average price target of GBX 5,744.44 ($75.06).

NXT traded up GBX 506 ($6.61) during trading on Thursday, reaching GBX 6,458 ($84.39). 1,055,517 shares of the company traded hands, compared to its average volume of 625,680. The company has a debt-to-equity ratio of 1,250.37, a quick ratio of 1.10 and a current ratio of 1.62. The company has a market cap of $8.60 billion and a P/E ratio of 14.33. NEXT has a 12-month low of GBX 3,970 ($51.88) and a 12-month high of GBX 6,358 ($83.08). The firm has a fifty day simple moving average of GBX 5,961.20 and a 200 day simple moving average of GBX 5,731.67.

About NEXT

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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