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

NEXT (LON:NXT)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a report released on Thursday,London Stock Exchange reports.

NEXT Trading Up 9.8 %

NEXT stock traded up GBX 973.69 ($12.54) during mid-day trading on Thursday, hitting £109.60 ($141.11). The stock had a trading volume of 7,723,274 shares, compared to its average volume of 1,060,011. The stock has a market capitalization of £12.90 billion, a PE ratio of 16.49, a P/E/G ratio of 5.66 and a beta of 1.37. NEXT has a 12 month low of GBX 8,598 ($110.70) and a 12 month high of £111.04 ($142.96). The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. The stock has a 50-day simple moving average of GBX 9,790.25 and a two-hundred day simple moving average of GBX 9,860.26.

NEXT (LON:NXT) last posted its earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.92) earnings per share (EPS) for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. As a group, sell-side analysts forecast that NEXT will post 660.7526882 EPS for the current year.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.