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An update from Next plc ( (GB:NXT) ) is now available.
Next plc announced the purchase and cancellation of 33,943 of its ordinary shares at a price of 11,770.1220 pence per share. This transaction, executed through UBS AG London Branch, reduces the company’s registered share capital to 122,758,207 shares, impacting shareholder interests as per FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:NXT) stock is a Buy with a £10800.00 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 GB:NXT Stock
According to Spark, TipRanks’ AI Analyst, GB:NXT is a Outperform.
Next plc’s strong financial performance and positive corporate events are the primary drivers of its stock score. The company’s robust revenue growth and profit guidance upgrades are significant strengths. However, technical analysis shows mixed signals, and the CEO’s share disposal poses a potential risk to market perception.
To see Spark’s full report on GB:NXT stock, click here.
More about Next plc
Next plc operates in the retail industry, primarily focusing on clothing, footwear, and home products. The company is known for its extensive range of fashion and lifestyle products, catering to a diverse customer base through its online and physical store presence.
Average Trading Volume: 283,832
Technical Sentiment Signal: Buy
Current Market Cap: £13.63B
Find detailed analytics on NXT stock on TipRanks’ Stock Analysis page.