NEXT (LON:NXT) Stock Price Passes Below 200-Day Moving Average – What’s Next?

NEXT plc (LON:NXT)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of £133.33 and traded as low as £130.95. NEXT shares last traded at £131.05, with a volume of 640,292 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on NXT shares. Citigroup dropped their price objective on NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Berenberg Bank reiterated a “buy” rating and set a £180 target price on shares of NEXT in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and set a £152 target price on shares of NEXT in a research note on Wednesday, March 25th. Finally, Shore Capital Group reiterated a “buy” rating on shares of NEXT in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of £140.98.

NEXT Stock Performance

The company has a market cap of £15.17 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 5.66 and a beta of 1.05. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79. The stock has a 50 day moving average price of £129.11 and a two-hundred day moving average price of £133.33.

NEXT (LON:NXT) last announced its earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. On average, research analysts predict that NEXT plc will post 660.7526882 earnings per share for the current fiscal year.

Insider Buying and Selling at NEXT

In other news, insider Amy Stirling bought 375 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of £133.06 per share, for a total transaction of £49,897.50. Company insiders own 1.60% of the company’s stock.

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.