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NEXT (LON:NXT) Earns "Neutral" Rating from JPMorgan Chase & Co.

NEXT logo with Consumer Cyclical background

Key Points

  • JPMorgan Chase & Co. has reaffirmed a "neutral" rating for NEXT (LON:NXT), signifying a stable outlook for the stock.
  • Shore Capital has issued a contrasting "buy" rating on NEXT shares, suggesting potential for upside.
  • Insider Wolfson Aspley Guise sold 100,000 shares of NEXT at an average price of £123.62, totaling approximately £12.36 million.
  • Looking to export and analyze NEXT data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

NEXT (LON:NXT - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Marketbeat.com reports.

Separately, Shore Capital reiterated a "buy" rating on shares of NEXT in a research report on Thursday, July 31st.

Read Our Latest Research Report on NXT

NEXT Stock Performance

LON:NXT traded up GBX 135 ($1.79) during midday trading on Friday, reaching £122.50 ($162.81). 221,230 shares of the company traded hands, compared to its average volume of 989,918. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. NEXT has a twelve month low of GBX 9,028 ($119.99) and a twelve month high of £131 ($174.11). The company has a fifty day moving average price of £124.28 and a 200 day moving average price of £113.94. The firm has a market capitalization of £14.42 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37.

Insider Activity at NEXT

In other news, insider Wolfson Aspley Guise sold 100,000 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of £123.62 ($164.30), for a total value of £12,362,000 ($16,430,090.38). Corporate insiders own 6.69% of the company's stock.

NEXT Company Profile

(Get Free Report)

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.

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