NEXT (LON:NXT) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

NEXT plc (LON:NXT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of £131.31 and traded as high as £133.70. NEXT shares last traded at £132.60, with a volume of 589,649 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NXT. Jefferies Financial Group reiterated a “hold” rating and set a £140 price target on shares of NEXT in a report on Wednesday, January 7th. Peel Hunt reaffirmed a “hold” rating and set a £130 target price on shares of NEXT in a research note on Tuesday, November 25th. Berenberg Bank upped their target price on NEXT from £147 to £178 and gave the company a “buy” rating in a report on Wednesday, October 29th. Shore Capital Group cut shares of NEXT to a “hold” rating and raised their price target for the stock from £140 to £147.50 in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, NEXT presently has a consensus rating of “Hold” and an average price target of £140.54.

NEXT Price Performance

The company has a market capitalization of £15.55 billion, a PE ratio of 20.29, a P/E/G ratio of 5.66 and a beta of 1.37. The stock has a 50 day moving average price of £134.52 and a two-hundred day moving average price of £131.31. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68.

Insider Buying and Selling

In other NEXT news, insider Jeremy Stakol bought 186 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was bought at an average cost of GBX 3,869 per share, with a total value of £7,196.34. 1.60% of the stock is owned by corporate insiders.

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.