NEXT (LON:NXT) Shares Pass Below 200 Day Moving Average – Here’s Why

NEXT plc (LON:NXT) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of £132.82 and traded as low as £128.55. NEXT shares last traded at £133.30, with a volume of 190,529 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a £180 price target on shares of NEXT in a research note on Friday, May 15th. Citigroup lowered their price objective on NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. UBS Group reaffirmed a “buy” rating and issued a £152 price target on shares of NEXT in a research note on Wednesday, March 25th. Finally, Shore Capital Group reiterated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NEXT has an average rating of “Hold” and a consensus target price of £140.98.

NEXT Trading Up 1.3%

The firm has a market cap of £15.38 billion, a PE ratio of 17.88, a P/E/G ratio of 5.66 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The business has a fifty day moving average price of £130 and a 200 day moving average price of £132.82.

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

Insider Activity at NEXT

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

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.