Shore Capital Reaffirms “Buy” Rating for NEXT (LON:NXT)

NEXT (LON:NXTGet Free Report)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

NEXT Stock Up 0.2%

Shares of LON:NXT opened at £123.30 ($163.66) on Thursday. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. NEXT has a 52-week low of GBX 9,028 ($119.83) and a 52-week high of £131 ($173.88). The business’s 50 day simple moving average is £124.43 and its two-hundred day simple moving average is £113.45. The firm has a market cap of £14.51 billion, a P/E ratio of 18.55, a PEG ratio of 5.66 and a beta of 1.37.

Insider Activity

In related news, insider Wolfson Aspley Guise sold 100,000 shares of NEXT stock in a transaction on Thursday, May 8th. The shares were sold at an average price of £123.62 ($164.08), for a total value of £12,362,000 ($16,408,282.45). 6.69% of the stock is currently owned by corporate insiders.

NEXT Company Profile

(Get Free Report)

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.

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