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Next plc ( (GB:NXT) ) has shared an announcement.
Next plc, a prominent player in the retail industry, has announced the repurchase of 51,000 of its ordinary shares at a price of 11,533.1988 pence per share, all of which are to be cancelled. This transaction, executed through UBS AG London Branch, reduces the company’s registered share capital to 122,493,612 shares, potentially impacting shareholder notifications under FCA rules.
The most recent analyst rating on (GB:NXT) stock is a Hold with a £13053.00 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 Neutral.
Next plc’s strong financial performance is the primary driver of its stock score, supported by consistent revenue growth and robust margins. Technical analysis indicates a bearish trend, while valuation metrics suggest fair pricing. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:NXT stock, click here.
More about Next plc
Average Trading Volume: 286,505
Technical Sentiment Signal: Buy
Current Market Cap: £13.97B
See more data about NXT stock on TipRanks’ Stock Analysis page.