TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Next plc ( (GB:NXT) ) is now available.
Next plc announced the sale of non-operational land at Waltham Abbey, Essex, resulting in a net cash inflow of £54.1 million and an exceptional profit of £16.3 million. This transaction, which deviates from the company’s regular business activities, will enhance shareholder returns through a special dividend increase of 45p, reflecting Next’s strategic shift in its distribution network plans.
The most recent analyst rating on (GB:NXT) stock is a Hold with a £139.00 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 scores well due to its strong financial performance and positive technical indicators. The company’s robust revenue growth and efficient equity use are significant strengths. However, the stock’s valuation is not particularly attractive, and technical indicators suggest caution due to potential overbought conditions. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:NXT stock, click here.
More about Next plc
Next plc is a prominent retailer in the fashion and homeware industry, known for its wide range of clothing, footwear, accessories, and home products. The company focuses on providing stylish and quality products to a diverse customer base, both through its physical stores and online platform.
Average Trading Volume: 344,021
Technical Sentiment Signal: Buy
Current Market Cap: £16.19B
For an in-depth examination of NXT stock, go to TipRanks’ Overview page.