NEXT (LON:NXT) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

NEXT plc (LON:NXT)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of £138.16 and traded as high as £154. NEXT shares last traded at £151.75, with a volume of 289,282 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on NXT shares. Peel Hunt reiterated a “hold” rating and issued a £139 price objective on shares of NEXT in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Berenberg Bank increased their price target on NEXT from £180 to £187 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup raised their price target on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a £140 price objective on shares of NEXT in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of £153.55.

NEXT Price Performance

The company has a market cap of £17.41 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 5.66 and a beta of 1.04. The company’s fifty day moving average price is £150.46 and its two-hundred day moving average price is £138.33. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79.

Insider Buying and Selling at NEXT

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total transaction of £2,666,136.24. Also, insider Jeni Mundy bought 160 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of £155.45 per share, for a total transaction of £24,872. 1.65% of the stock is currently owned by 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.