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

NEXT plc (LON:NXT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of £133.33 and traded as low as £130.95. NEXT shares last traded at £131.05, with a volume of 640,292 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on NXT. UBS Group reissued a “buy” rating and set a £152 price target on shares of NEXT in a research report on Wednesday, March 25th. Citigroup reduced their price target on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Berenberg Bank reissued a “buy” rating and set a £180 price target on shares of NEXT in a research report on Friday, May 15th. Finally, Shore Capital Group reissued a “buy” rating on shares of NEXT in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of £140.98.

NEXT Stock Up 0.3%

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 firm has a 50 day simple moving average of £129.11 and a 200-day simple moving average of £133.33. The stock has a market cap of £15.17 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 5.66 and a beta of 1.05.

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

Insider Transactions at NEXT

In other NEXT news, insider Amy Stirling acquired 375 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of £133.06 per share, for a total transaction of £49,897.50. 1.60% 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.