Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Next plc ( (GB:NXT) ) has shared an update.
Next plc, a prominent player in the retail sector, has announced the repurchase of 34,106 of its ordinary shares, which will be canceled. The shares were bought at a price of 11,714.1499 pence each, with the highest price at 11,800 pence and the lowest at 11,615 pence. This transaction, executed through UBS AG London Branch, reduces the company’s registered share capital to 122,792,150 shares. This move could impact shareholder interests and the company’s market positioning by potentially increasing the value of remaining shares.
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
Average Trading Volume: 284,593
Technical Sentiment Signal: Buy
Current Market Cap: £13.69B
See more data about NXT stock on TipRanks’ Stock Analysis page.