NEXT (LON:NXT) Stock Price Crosses Below 50-Day Moving Average of $5,572.44

NEXT plc (LON:NXT)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5,572.44 and traded as low as $5,434.00. NEXT shares last traded at $5,462.00, with a volume of 318,296 shares.

Several brokerages have recently commented on NXT. Jefferies Financial Group started coverage on Pinduoduo in a report on Monday, April 15th. They set a “buy” rating and a $30.00 target price on the stock. Shore Capital reiterated a “house stock” rating on shares of in a report on Thursday, June 20th. HSBC set a €10.10 ($11.74) target price on Deutz and gave the stock a “buy” rating in a report on Friday, March 22nd. Royal Bank of Canada set a €565.00 ($656.98) target price on Kering and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Liberum Capital reduced their target price on Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a “buy” rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. NEXT presently has an average rating of “Hold” and an average price target of GBX 5,520 ($72.13).

The firm has a market capitalization of $7.29 billion and a P/E ratio of 12.61. The company has a debt-to-equity ratio of 233.24, a quick ratio of 1.26 and a current ratio of 1.83. The firm has a 50-day moving average price of GBX 5,564.12.

About NEXT (LON:NXT)

NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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