Next Continues Buyback Programme With Fresh Share Cancellation

The latest announcement is out from Next plc ( (GB:NXT) ).

Next plc has continued its ongoing share buyback activity, repurchasing 1,498 ordinary shares for cancellation under an existing irrevocable, non-discretionary programme. The latest tranche was executed on 17 March 2026 via UBS AG’s London branch at a volume-weighted average price of 12,800 pence per share, leaving the retailer with a registered share capital of 121,507,769 shares and no treasury stock.

The cancellation of the repurchased shares marginally reduces Next’s share count and can enhance earnings per share over time, underscoring management’s confidence in the company’s valuation and cash generation. The updated share capital figure also provides a new reference point for investors monitoring their holdings against U.K. disclosure thresholds, ensuring compliance with the FCA’s transparency rules as the buyback programme progresses.

The most recent analyst rating on (GB:NXT) stock is a Buy with a £15500.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.

Spark’s Take on NXT Stock

According to Spark, TipRanks’ AI Analyst, NXT is a Outperform.

Next plc’s strong financial performance and positive technical indicators are the primary drivers of its stock score. While the valuation is fair, recent corporate events provide a mixed impact, with positive actions like share acquisitions and land sales being offset by significant executive share sales.

To see Spark’s full report on NXT stock, click here.

More about Next plc

Next plc is a U.K.-based retail group best known for its Next-branded clothing, footwear and homeware, sold through a nationwide store network and a significant online platform. Listed on the London Stock Exchange, the company is a constituent of the FTSE indexes and is a bellwether for midmarket British fashion and lifestyle spending.

Average Trading Volume: 493,032

Technical Sentiment Signal: Buy

Current Market Cap: £14.83B

Learn more about NXT stock on TipRanks’ Stock Analysis page.