Insider Buying: NEXT (LON:NXT) Insider Acquires £24,872 in Stock

NEXT plc (LON:NXT) insider Jeni Mundy acquired 160 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of £155.45 per share, for a total transaction of £24,872.

NEXT Stock Down 0.5%

Shares of LON NXT opened at £152.55 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 108.79. The company has a market cap of £17.41 billion, a P/E ratio of 20.47, a P/E/G ratio of 5.66 and a beta of 1.04. NEXT plc has a 52 week low of £112 and a 52 week high of £161.75. The business has a 50-day simple moving average of £147.39 and a two-hundred day simple moving average of £136.06.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXT. Shore Capital Group restated a “buy” rating and issued a £175 price objective on shares of NEXT in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Citigroup increased their target price on shares of NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Berenberg Bank raised their price target on shares of NEXT from £180 to £187 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Peel Hunt restated a “hold” rating and set a £139 price target on shares of NEXT in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of £153.55.

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. 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.