Shares of NEXT plc (LON:NXT – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of £132.94 and traded as high as £144.30. NEXT shares last traded at £141.47, with a volume of 1,445,971 shares.
Wall Street Analysts Forecast Growth
NXT has been the subject of a number of research reports. UBS Group reissued a “buy” rating and issued a £152 price target on shares of NEXT in a report on Wednesday, March 25th. Berenberg Bank reissued a “buy” rating and issued a £180 price target on shares of NEXT in a report on Friday, May 15th. Citigroup dropped their price objective on shares of NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of £140.97.
Get Our Latest Research Report on NXT
NEXT Stock Performance
NEXT (LON:NXT – Get Free Report) last posted its earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. Equities analysts forecast that NEXT plc will post 660.7526882 EPS for the current year.
Insider Buying and Selling
In other news, insider Amy Stirling purchased 375 shares of NEXT stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of £133.06 per share, for a total transaction of £49,897.50. 1.66% of the stock is currently owned by company 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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.
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