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

NEXT plc (LON:NXT) shares crossed 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 changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Berenberg Bank restated a “buy” rating and issued a £180 target price on shares of NEXT in a research note on Friday, May 15th. UBS Group reissued a “buy” rating and issued a £152 price target on shares of NEXT in a report on Wednesday, March 25th. Shore Capital Group restated a “buy” rating on shares of NEXT in a research note on Wednesday, May 6th. Finally, Citigroup reduced 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. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of £140.97.

NEXT Stock Performance

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 50 day moving average price of £135.53 and a two-hundred day moving average price of £133.43. The company has a market capitalization of £16.68 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 5.66 and a beta of 1.05.

Insiders Place Their Bets

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total value of £2,666,136.24. Also, insider Amy Stirling acquired 375 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were bought at an average price of £133.06 per share, with a total value of £49,897.50. Corporate insiders own 1.66% of the company’s stock.

About NEXT

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.