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

NEXT plc (LON:NXT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

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 Stock Down 2.6 %

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

Insider Transactions at NEXT

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