Next (OTCMKTS:NXGPY) Sets New 1-Year High – Still a Buy?

Next PLC (OTCMKTS:NXGPY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $101.25 and last traded at $101.25, with a volume of 468 shares traded. The stock had previously closed at $91.22.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered shares of Next from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Next presently has a consensus rating of “Hold”.

Next Price Performance

The business has a 50-day moving average of $92.95 and a 200-day moving average of $87.05. The company has a current ratio of 1.74, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85.

Next Company Profile

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.