NEXT (LON:NXT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of NEXT plc (LON:NXT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of £109.90 ($149.99) and traded as high as £123.63 ($168.73). NEXT shares last traded at £123.20 ($168.15), with a volume of 272,719 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of NEXT in a report on Thursday, May 8th.

NEXT Price Performance

The company has a fifty day simple moving average of £125.37 and a 200-day simple moving average of £109.90. The company has a market cap of £14.37 billion, a P/E ratio of 18.36, a PEG ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07.

Insiders Place Their Bets

In related news, insider Jeremy Stakol acquired 270 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of £118.55 ($161.80) per share, for a total transaction of £32,008.50 ($43,685.68). Also, insider Wolfson Aspley Guise sold 100,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of £123.62 ($168.72), for a total value of £12,362,000 ($16,871,843.87). 6.69% of the stock is owned by insiders.

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.