NEXT (LON:NXT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

NEXT plc (LON:NXT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of £118.17 ($160.30) and traded as high as £121.25 ($164.47). NEXT shares last traded at £120.68 ($163.70), with a volume of 134,852 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NXT. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NEXT from £108 to £116 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. UBS Group reiterated a “buy” rating and set a £142 price objective on shares of NEXT in a research note on Friday, September 5th. Shore Capital reiterated a “buy” rating on shares of NEXT in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NEXT in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of £129.

NEXT Stock Down 0.4%

The company has a market capitalization of £14.04 billion, a price-to-earnings ratio of 1,993.10, a P/E/G ratio of 5.66 and a beta of 1.37. The business’s 50-day moving average is £120.87 and its 200-day moving average is £118.17. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.

About NEXT

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.