Next (OTCMKTS:NXGPY) Stock Rating Lowered by Zacks Research

Next (OTCMKTS:NXGPY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Jefferies Financial Group lowered Next from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Next Price Performance

OTCMKTS:NXGPY opened at $86.79 on Monday. The business has a fifty day simple moving average of $91.55 and a two-hundred day simple moving average of $89.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.74 and a quick ratio of 1.16. Next has a 1 year low of $62.69 and a 1 year high of $101.25.

About Next

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.