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

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

NEXT Trading Down 1.3%

Shares of NXT stock opened at £153.85 on Wednesday. NEXT plc has a 1-year low of £112 and a 1-year high of £161.75. The firm has a market cap of £17.56 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 5.66 and a beta of 1.04. The company has a 50-day moving average of £146.31 and a two-hundred day moving average of £135.69. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

Analyst Ratings Changes

Several research firms have recently commented on NXT. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a £140 price target on shares of NEXT in a research report on Thursday, August 6th. Berenberg Bank increased their price target on shares of NEXT from £180 to £187 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup lifted their price objective on shares of NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Peel Hunt reissued a “hold” rating and issued a £139 price target on shares of NEXT in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on NEXT from £130.30 to £140.40 and gave the company a “neutral” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.