NEXT (LON:NXT) Share Price Passes Below 200-Day Moving Average – Here’s Why

NEXT plc (LON:NXT)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of £130.89 and traded as low as £127.40. NEXT shares last traded at £127.90, with a volume of 430,746 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Berenberg Bank upped their price target on NEXT from £147 to £178 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Shore Capital Group cut shares of NEXT to a “hold” rating and boosted their price objective for the company from £140 to £147.50 in a report on Tuesday, November 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th. Jefferies Financial Group reissued a “hold” rating and set a £140 price target on shares of NEXT in a research report on Wednesday, January 7th. Finally, Peel Hunt reaffirmed a “hold” rating and set a £130 price objective on shares of NEXT in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of £140.54.

NEXT Stock Down 0.4%

The firm has a market capitalization of £15.04 billion, a P/E ratio of 19.62, a PEG ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. The firm’s 50-day moving average is £134.88 and its 200 day moving average is £130.93.

Insider Activity at NEXT

In other news, insider Jeremy Stakol acquired 186 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average cost of GBX 3,869 per share, for a total transaction of £7,196.34. 1.60% of the stock is currently owned by company insiders.

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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.