NEXT (LON:NXT) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

NEXT plc (LON:NXT)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of £133.43 and traded as high as £146.55. NEXT shares last traded at £146.10, with a volume of 107,334 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NXT shares. Citigroup dropped their price objective on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Berenberg Bank reissued a “buy” rating and issued a £180 target price on shares of NEXT in a report on Friday, May 15th. Shore Capital Group restated a “buy” rating on shares of NEXT in a research report on Wednesday, May 6th. Finally, UBS Group reaffirmed a “buy” rating and set a £152 price target on shares of NEXT in a report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, NEXT currently has a consensus rating of “Hold” and a consensus price target of £140.97.

NEXT Trading Down 0.4%

The company’s 50-day moving average is £135.53 and its 200-day moving average is £133.43. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. The firm has a market cap of £16.68 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 5.66 and a beta of 1.05.

Insider Buying and Selling

In other news, insider Jonathan Blanchard sold 18,012 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total transaction of £2,666,136.24. Also, insider Amy Stirling purchased 375 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of £133.06 per share, for a total transaction of £49,897.50. 1.66% of the stock is currently owned by corporate 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.