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

NEXT plc (LON:NXT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of £139.12 and traded as high as £151.05. NEXT shares last traded at £148.60, with a volume of 169,638 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Shore Capital Group reaffirmed a “buy” rating and set a £175 price target on shares of NEXT in a research note on Thursday, August 6th. Peel Hunt reissued a “hold” rating and set a £139 price objective on shares of NEXT in a report on Wednesday, August 5th. Berenberg Bank upped their target price on shares of NEXT from £180 to £187 and gave the company a “buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a £140 price target on shares of NEXT in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have assigned 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 £153.55.

NEXT Trading Down 1.5%

The company’s fifty day simple moving average is £151.03 and its two-hundred day simple moving average is £139.17. 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 £16.76 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04.

Insiders Place Their Bets

In other NEXT news, insider Jeni Mundy bought 160 shares of NEXT stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of £155.45 per share, for a total transaction of £24,872. Also, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. 1.47% of the stock is owned by corporate insiders.

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.