NEXT plc (LON:NXT – Get Rating) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,806.11 ($70.85) and traded as high as GBX 6,454.54 ($78.76). NEXT shares last traded at GBX 6,436 ($78.54), with a volume of 415,260 shares changing hands.
Analysts Set New Price Targets
NXT has been the topic of a number of research reports. Barclays dropped their price target on shares of NEXT from GBX 8,100 ($98.84) to GBX 7,000 ($85.42) and set an “overweight” rating on the stock in a research note on Thursday, November 3rd. Shore Capital restated a “hold” rating on shares of NEXT in a research note on Thursday, January 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,700 ($69.55) price objective on shares of NEXT in a report on Thursday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of NEXT from GBX 6,000 ($73.22) to GBX 5,600 ($68.33) and set a “neutral” rating for the company in a report on Thursday, November 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 6,316.67 ($77.08).
NEXT Stock Performance
The firm has a market cap of £8.32 billion and a P/E ratio of 1,147.24. The company has a debt-to-equity ratio of 236.88, a quick ratio of 1.07 and a current ratio of 1.70. The company’s 50 day moving average is GBX 5,924.20 and its 200 day moving average is GBX 5,806.11.
NEXT plc engages in the retail of clothing, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments.
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