NEXT (LON:NXT) Stock Passes Above 200-Day Moving Average – Time to Sell?

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 £133.92 and traded as high as £146.95. NEXT shares last traded at £146.30, with a volume of 26,374,754 shares.

Analyst Upgrades and Downgrades

NXT has been the subject of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and issued a £180 price objective on shares of NEXT in a research note on Friday, May 15th. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a research report on Wednesday, May 6th. Citigroup lowered their price target on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group reissued a “buy” rating and issued a £152 price target on shares of NEXT in a research note on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of £140.97.

NEXT Price 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 firm’s fifty day moving average price is £137.60 and its 200-day moving average price is £133.92. The stock has a market cap of £16.70 billion, a P/E ratio of 19.63, a PEG ratio of 5.66 and a beta of 1.04.

Insider Buying and Selling at NEXT

In other news, insider Amy Stirling purchased 375 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average price of £133.06 per share, with a total value of £49,897.50. Also, insider Jonathan Blanchard sold 18,012 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total transaction of £2,666,136.24. Corporate insiders own 1.66% of the company’s stock.

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.