Next (OTCMKTS:NXGPY) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Next (OTCMKTS:NXGPY) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, Jefferies Financial Group lowered Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Next Price Performance

Next stock opened at $86.79 on Monday. The company’s 50-day moving average price is $91.46 and its 200-day moving average price is $89.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.74. Next has a twelve month low of $62.69 and a twelve month high of $101.25.

Next Company Profile

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.