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

NEXT plc (LON:NXT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of £132.94 and traded as high as £144.30. NEXT shares last traded at £141.47, with a volume of 1,445,971 shares traded.

Analysts Set New Price Targets

Several analysts have commented on NXT shares. UBS Group reissued a “buy” rating and issued a £152 target price on shares of NEXT in a research report on Wednesday, March 25th. Berenberg Bank restated a “buy” rating and set a £180 price target on shares of NEXT in a research note on Friday, May 15th. Shore Capital Group restated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. Finally, Citigroup reduced their price objective 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. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of £140.97.

NEXT Stock Performance

The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. The stock’s 50-day simple moving average is £133.20 and its two-hundred day simple moving average is £132.94. The stock has a market cap of £16.15 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 5.66 and a beta of 1.05.

NEXT (LON:NXT) last posted 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 earnings per share for the current year.

Insider Buying and Selling

In other NEXT news, insider Amy Stirling purchased 375 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of £133.06 per share, with a total value of £49,897.50. 1.66% of the stock is currently 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.