Next plc ( (GB:NXT) ) has provided an announcement.
Next plc, a prominent player in the retail industry, has announced the purchase and cancellation of 90,000 of its ordinary shares at an average price of 10,824.7733 pence per share. This move, executed through UBS AG London Branch, reduces the company’s share capital to 122,953,995 shares, potentially impacting shareholder notifications under FCA rules.
Spark’s Take on GB:NXT Stock
According to Spark, TipRanks’ AI Analyst, GB:NXT is a Outperform.
Next plc demonstrates a strong overall position with robust financial performance, positive market momentum, and strategic capital management through share buybacks. The stock is supported by strong financials and a reasonable valuation, although moderate leverage in the balance sheet warrants monitoring.
To see Spark’s full report on GB:NXT stock, click here.
More about Next plc
YTD Price Performance: 18.24%
Average Trading Volume: 387,705
Technical Sentiment Signal: Strong Sell
Current Market Cap: £13.13B
Learn more about NXT stock on TipRanks’ Stock Analysis page.