Insider Buying: NEXT plc (LON:NXT) Insider Acquires 1,278 Shares of Stock

NEXT plc (LON:NXT) insider Michael J. Roney purchased 1,278 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average cost of GBX 3,892 ($51.20) per share, with a total value of £49,739.76 ($65,429.83).

LON:NXT opened at GBX 4,508 ($59.30) on Friday. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 565.39. NEXT plc has a twelve month low of GBX 3,311 ($43.55) and a twelve month high of GBX 7,358 ($96.79). The company has a fifty day moving average of GBX 5,841.20 and a 200-day moving average of GBX 6,459.63. The firm has a market capitalization of $5.94 billion and a P/E ratio of 9.62.

Several research analysts recently commented on NXT shares. Citigroup upgraded shares of NEXT to a “neutral” rating and reduced their target price for the stock from GBX 5,000 ($65.77) to GBX 4,800 ($63.14) in a report on Friday, March 13th. UBS Group reaffirmed a “buy” rating on shares of NEXT in a research report on Friday, March 20th. HSBC lowered their price target on shares of NEXT from GBX 7,300 ($96.03) to GBX 7,050 ($92.74) and set a “hold” rating on the stock in a research note on Tuesday, January 7th. Societe Generale cut shares of NEXT to a “sell” rating and boosted their price target for the stock from GBX 6,301 ($82.89) to GBX 6,588 ($86.66) in a research report on Monday, January 6th. Finally, Goldman Sachs Group cut their price target on shares of NEXT from GBX 7,600 ($99.97) to GBX 5,500 ($72.35) and set a “buy” rating on the stock in a research report on Friday, March 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 6,456.50 ($84.93).

NEXT Company Profile

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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