JPMorgan Chase & Co. Reaffirms "Neutral" Rating for NEXT (LON:NXT)

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.

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

Separately, Shore Capital reissued a "buy" rating on shares of NEXT in a research note on Thursday.

NEXT Stock Down 0.3%

NXT stock opened at £122.75 ($162.15) on Friday. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. NEXT has a twelve month low of GBX 9,028 ($119.26) and a twelve month high of £131 ($173.05). The company's 50 day moving average is £124.54 and its two-hundred day moving average is £113.22. The stock has a market cap of £14.45 billion, a P/E ratio of 18.47, a PEG ratio of 5.66 and a beta of 1.37.

Insider Buying and Selling at NEXT

In related news, insider Wolfson Aspley Guise sold 100,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of £123.62 ($163.30), for a total transaction of £12,362,000 ($16,330,250.99). 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.

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