NEXT (LON:NXT) Insider Sells £3,180,474.08 in Stock

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 20,272 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of £156.89, for a total transaction of £3,180,474.08.

NEXT Price Performance

LON:NXT opened at £155.85 on Wednesday. NEXT plc has a 12 month low of £112 and a 12 month high of £161.75. The stock has a 50 day moving average of £146.31 and a two-hundred day moving average of £135.69. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The firm has a market cap of £17.79 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NXT. Citigroup boosted their price objective on NEXT from £132 to £155 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Peel Hunt reaffirmed a “hold” rating and issued a £139 target price on shares of NEXT in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a £140 price target on shares of NEXT in a report on Thursday, August 6th. Shore Capital Group reissued a “buy” rating and set a £175 price target on shares of NEXT in a research report on Thursday, August 6th. Finally, Berenberg Bank upped their price objective on shares of NEXT from £180 to £187 and gave the company a “buy” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.