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

NEXT plc (LON:NXT)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of £134.04 and traded as low as £127.30. NEXT shares last traded at £130.05, with a volume of 1,246,955 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NXT shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a research report on Wednesday, January 7th. UBS Group restated a “buy” rating and issued a £152 price objective on shares of NEXT in a research report on Wednesday, March 25th. Jefferies Financial Group restated a “hold” rating and issued a £140 price objective on shares of NEXT in a research report on Wednesday, January 7th. Berenberg Bank restated a “buy” rating and issued a £180 price objective on shares of NEXT in a research report on Friday, March 27th. Finally, Shore Capital Group restated a “buy” rating on shares of NEXT in a research report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, NEXT currently has an average rating of “Hold” and an average target price of £140.98.

NEXT Stock Performance

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 company has a market capitalization of £14.91 billion, a PE ratio of 17.45, a PEG ratio of 5.66 and a beta of 1.08. The stock’s fifty day simple moving average is £129.85 and its 200-day simple moving average is £134.04.

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

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.