NEXT (LON:NXT) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of NEXT plc (LON:NXT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 9,665.69 ($121.63) and traded as high as GBX 9,896 ($124.52). NEXT shares last traded at GBX 9,846 ($123.90), with a volume of 267,259 shares.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “not rated” rating on shares of NEXT in a research note on Thursday, September 19th.

NEXT Price Performance

The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 125.90. The stock has a market cap of £11.45 billion, a PE ratio of 1,459.67, a PEG ratio of 5.66 and a beta of 1.37. The business has a 50-day moving average price of GBX 9,907.16 and a 200 day moving average price of GBX 9,666.41.

Insider Buying and Selling at NEXT

In other NEXT news, insider Jeremy Stakol sold 26,523 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of GBX 9,879 ($124.31), for a total transaction of £2,620,207.17 ($3,297,102.27). Insiders own 6.69% of the company’s stock.

NEXT Company Profile

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.