NEXT plc (LON:NXT – Get Rating) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 5,532 ($66.84) and last traded at GBX 5,536.49 ($66.90), with a volume of 154679 shares traded. The stock had previously closed at GBX 5,754 ($69.53).
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on NEXT from GBX 7,280 ($87.97) to GBX 6,000 ($72.50) and set a “neutral” rating on the stock in a report on Wednesday, September 7th. Jefferies Financial Group reduced their price objective on NEXT from GBX 6,350 ($76.73) to GBX 5,500 ($66.46) and set a “hold” rating for the company in a research report on Tuesday, September 6th. Barclays reissued an “overweight” rating and set a GBX 8,100 ($97.87) price objective on shares of NEXT in a research report on Tuesday. Shore Capital reaffirmed a “hold” rating on shares of NEXT in a research report on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on NEXT from GBX 7,850 ($94.85) to GBX 6,200 ($74.92) and set a “buy” rating for the company in a research report on Tuesday, July 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 7,325 ($88.51).
NEXT Stock Down 3.9 %
The firm has a fifty day moving average price of GBX 6,217.66 and a 200 day moving average price of GBX 6,197.01. The company has a current ratio of 1.99, a quick ratio of 1.38 and a debt-to-equity ratio of 208.54. The firm has a market capitalization of £7.15 billion and a price-to-earnings ratio of 1,098.09.
NEXT plc engages in the retail of clothing, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments.
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