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Next plc ( (GB:NXT) ) just unveiled an update.
Next plc announced the purchase and cancellation of 33,870 of its ordinary shares at an average price of 11,795.6881 pence per share, executed through UBS AG London Branch. This transaction reduces the company’s registered share capital to 122,656,612 shares, potentially impacting shareholder interests according to FCA’s rules, and reflects the company’s strategy to manage its capital structure effectively.
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 most significant factors contributing to its stock score. The company’s robust financial health and strategic maneuvers enhance its market position. However, mixed technical signals and fair valuation temper the overall score.
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 strong presence in the UK market and offers a wide range of products through its retail stores and online platform.
Average Trading Volume: 271,882
Technical Sentiment Signal: Buy
Current Market Cap: £13.7B
See more data about NXT stock on TipRanks’ Stock Analysis page.