NEXT plc (LON:NXT) insider Michael J. Roney purchased 1,278 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average cost of GBX 3,892 ($51.20) per share, with a total value of £49,739.76 ($65,429.83).
NXT opened at GBX 4,508 ($59.30) on Friday. The company has a fifty day moving average price of GBX 5,841.20 and a two-hundred day moving average price of GBX 6,459.63. The company has a debt-to-equity ratio of 565.39, a quick ratio of 1.44 and a current ratio of 2.06. NEXT plc has a 52 week low of GBX 3,311 ($43.55) and a 52 week high of GBX 7,358 ($96.79). The firm has a market capitalization of $5.94 billion and a PE ratio of 9.62.
NXT has been the topic of several research reports. Societe Generale downgraded NEXT to a “sell” rating and upped their price objective for the stock from GBX 6,301 ($82.89) to GBX 6,588 ($86.66) in a report on Monday, January 6th. Berenberg Bank lifted their target price on NEXT from GBX 5,600 ($73.66) to GBX 6,140 ($80.77) and gave the company a “hold” rating in a research note on Tuesday, January 7th. Sanford C. Bernstein began coverage on NEXT in a research report on Wednesday, February 12th. They set a “market perform” rating and a GBX 7,000 ($92.08) target price for the company. Shore Capital reaffirmed a “hold” rating on shares of NEXT in a research note on Thursday, March 19th. Finally, HSBC cut their price target on NEXT from GBX 7,300 ($96.03) to GBX 7,050 ($92.74) and set a “hold” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 6,456.50 ($84.93).
NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.
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