NEXT (LON:NXT) Hits New 12-Month Low – Here’s Why

NEXT plc (LON:NXT) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 99.38 ($1.22) and last traded at GBX 9,770 ($120.22), with a volume of 2989526 shares traded. The stock had previously closed at GBX 9,912 ($121.96).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “hold” rating on shares of NEXT in a research report on Tuesday.

NEXT Price Performance

The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 125.90. The company has a market capitalization of £11.27 billion, a PE ratio of 1,436.53, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The stock’s 50-day moving average is GBX 9,802.87 and its two-hundred day moving average is GBX 9,694.42.

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.