NEXT (LON:NXT) Earns Buy Rating from Liberum Capital

Liberum Capital restated their buy rating on shares of NEXT (LON:NXT) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently weighed in on the company. UBS Group reissued a buy rating on shares of NEXT in a research note on Friday, September 13th. Shore Capital reaffirmed a hold rating on shares of NEXT in a research note on Thursday. Goldman Sachs Group raised NEXT to a buy rating in a research note on Tuesday, August 13th. Peel Hunt reaffirmed 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 research note on Monday, July 29th. Finally, Royal Bank of Canada lifted their target price on NEXT from GBX 6,200 ($81.01) to GBX 6,700 ($87.55) and gave the company an outperform rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 5,744.44 ($75.06).

Shares of NXT opened at GBX 5,988 ($78.24) on Thursday. The business’s 50-day moving average price is GBX 5,877.64 and its 200 day moving average price is GBX 5,635.13. The stock has a market capitalization of $7.98 billion and a P/E ratio of 13.83. 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 current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 233.24.

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

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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