Shore Capital Reiterates “Hold” Rating for NEXT (LON:NXT)

NEXT (LON:NXT)‘s stock had its “hold” rating reiterated by analysts at Shore Capital in a research note issued to investors on Tuesday,Digital Look reports.

NEXT Price Performance

LON:NXT traded up GBX 374 ($4.68) during trading hours on Tuesday, hitting GBX 9,928 ($124.21). 47,530,645 shares of the stock were exchanged, compared to its average volume of 12,120,641. The company has a market cap of £11.85 billion, a P/E ratio of 1,511.11, a P/E/G ratio of 5.66 and a beta of 1.37. The firm’s fifty day moving average price is GBX 9,820.19 and its 200 day moving average price is GBX 9,684.83. NEXT has a 52-week low of GBX 8,072 ($100.99) and a 52-week high of £111.04 ($138.92). The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 125.90.

Insiders Place Their Bets

In related news, insider Jeremy Stakol sold 26,523 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of GBX 9,879 ($123.60), for a total value of £2,620,207.17 ($3,278,127.32). 6.69% of the stock is currently 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.