NEXT (LON:NXT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

NEXT plc (LON:NXT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of £131.31 and traded as high as £133.70. NEXT shares last traded at £132.60, with a volume of 589,649 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Peel Hunt reissued a “hold” rating and set a £130 price objective on shares of NEXT in a report on Tuesday, November 25th. Berenberg Bank upped their target price on NEXT from £147 to £178 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Shore Capital Group lowered shares of NEXT to a “hold” rating and lifted their price target for the company from £140 to £147.50 in a research report on Tuesday, November 4th. Jefferies Financial Group restated a “hold” rating and issued a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of £140.54.

NEXT Trading Up 0.9%

The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. The company has a market capitalization of £15.55 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The business has a fifty day moving average price of £134.52 and a 200 day moving average price of £131.31.

Insider Transactions at NEXT

In related news, insider Jeremy Stakol purchased 186 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were bought at an average cost of GBX 3,869 per share, for a total transaction of £7,196.34. 1.60% of the stock is 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. 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.