Shares of NEXT plc (LON:NXT) have received an average rating of “Hold” from six research firms currently monitoring the company. According to Marketbeat.com, this assessment reflects a balance of opinions, with four analysts recommending a hold and two suggesting a buy rating. The average target price predicted by analysts for the next year stands at £140.63.
Several equity research firms recently updated their evaluations of NEXT. On September 5, UBS Group reaffirmed a “buy” rating and set a price target of £142 for the company. Following this, JPMorgan Chase & Co. raised their target from £117 to £130.30 while maintaining a “neutral” rating in a report on October 30. Peel Hunt reiterated a “hold” rating with a target price of £130, while Shore Capital downgraded the rating to “hold” and increased their target from £140 to £147.50 on November 4. Lastly, Deutsche Bank Aktiengesellschaft raised their price objective from £108 to £116, also maintaining a “hold” rating in their report dated August 26.
Latest Financial Performance
NEXT plc released its earnings results on September 18, 2023, reporting earnings per share (EPS) of GBX 324.20 for the quarter. The company’s return on equity was an impressive 55.99%, with a net margin of 13.77%. Analysts project that NEXT will achieve an EPS of approximately 660.75 for the current fiscal year.
In recent insider transactions, Amy Stirling, an insider at NEXT, purchased 472 shares on September 18 at an average cost of £116.34 per share, totaling £54,912.48. Conversely, another insider, Wolfson Aspley Guise, sold 50,000 shares on October 29 at an average price of £145.20, amounting to £7,260,000. Insiders currently own approximately 1.60% of the company’s stock.
About NEXT plc
Founded in 1864 in Leeds by Joseph Hepworth and Son, NEXT plc has grown from a tailoring business into a prominent retailer. The company now offers a wide range of products, including clothing, footwear, accessories, beauty, and home goods to customers in the UK and internationally. NEXT operates over 500 stores across the United Kingdom and Eire, along with more than 180 franchise branches in Europe, Asia, and the Middle East.
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