NEXT (LON:NXT) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• The share price of NEXT plc has recently surpassed its 200-day moving average, indicating a positive trend, with current trading at £117.30.
• Analysts have mixed ratings for NEXT, with JPMorgan Chase giving a "neutral" rating and Shore Capital maintaining a "buy" rating on the stock.
• NEXT has a market capitalization of £13.81 billion and key financial ratios including a price-to-earnings ratio of 17.65 and a debt-to-equity ratio of 76.08.

NEXT plc (LON:NXT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of £114.37 ($153.62) and traded as high as £118.35 ($158.97). NEXT shares last traded at £117.30 ($157.56), with a volume of 442,219 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NXT shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of NEXT in a research note on Friday, August 1st. Shore Capital reaffirmed a "buy" rating on shares of NEXT in a research note on Thursday, July 31st.

NEXT Price Performance

The company has a 50 day moving average price of £123.34 and a 200-day moving average price of £114.81. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08. The company has a market cap of £13.76 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 5.66 and a beta of 1.37.

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.