NEXT (LON:NXT) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Crossed below 200-day MA: NEXT plc fell below its 200‑day moving average of £134.04, trading as low as £127.30 and last at £130.05 on volume of about 1.25 million shares.
• Analyst picture is mixed — three Buy and five Hold ratings yield an average rating of "Hold" with an average target of £140.98; individual targets range from Citigroup's £132 to Berenberg's £180.
• Company fundamentals show a £14.91bn market cap and P/E of 17.45 with strong profitability (net margin 12.87%, ROE 52.86%) but relatively high leverage (debt‑to‑equity 108.79).

NEXT plc (LON:NXT - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of £134.04 and traded as low as £127.30. NEXT shares last traded at £130.05, with a volume of 1,246,955 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NXT shares. Berenberg Bank restated a "buy" rating and issued a £180 price objective on shares of NEXT in a research note on Friday, March 27th. Citigroup decreased their price objective on shares of NEXT from £135.42 to £132 and set a "neutral" rating for the company in a research note on Wednesday, April 8th. Shore Capital Group restated a "buy" rating on shares of NEXT in a research note on Thursday, March 26th. UBS Group restated a "buy" rating and issued a £152 price objective on shares of NEXT in a research note on Wednesday, March 25th. Finally, Jefferies Financial Group restated a "hold" rating and issued a £140 price objective on shares of NEXT in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of £140.98.

NEXT Stock Up 0.5%

The firm has a market cap of £14.91 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 5.66 and a beta of 1.08. The firm's 50 day moving average price is £129.85 and its two-hundred day moving average price is £134.04. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

NEXT (LON:NXT - Get Free Report) last announced its earnings results on Thursday, March 26th. The company reported GBX 760.10 earnings per share for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. As a group, sell-side analysts forecast that NEXT plc will post 660.7526882 earnings per share for the current fiscal year.

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. The company's main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.

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