Next (OTCMKTS:NXGPY) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Next (OTCMKTS:NXGPY) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Separately, Jefferies Financial Group downgraded shares of Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Next currently has an average rating of “Hold”.

Next Price Performance

Shares of Next stock opened at $86.79 on Monday. The stock has a 50-day simple moving average of $91.55 and a 200-day simple moving average of $89.41. Next has a 52-week low of $62.69 and a 52-week high of $101.25. The company has a current ratio of 1.74, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85.

About Next

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.