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

NEXT plc (LON:NXT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

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

NEXT Trading Up 0.4%

The company has a 50 day moving average of £135.02 and a 200 day moving average of £130.89. The firm has a market cap of £14.86 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08.

Insider Activity

In other news, insider Jeremy Stakol acquired 186 shares of NEXT stock in a transaction on Monday, December 1st. The shares were purchased at an average price of GBX 3,869 per share, with a total value of £7,196.34. Insiders own 1.60% 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.