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Next plc ( (GB:NXT) ) has issued an update.
Next plc has repurchased 34,047 of its ordinary shares for cancellation at an average price of 11,734.2776 pence per share. This transaction, executed through UBS AG London Branch, reduces the company’s registered share capital to 122,826,256 shares, potentially impacting shareholder interests and market dynamics.
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 is a prominent British multinational company in the retail industry, primarily focusing on clothing, footwear, and home products. The company operates a chain of over 500 stores in the UK and Ireland, and it also has an extensive online presence, catering to a wide range of consumer needs in the fashion and home sectors.
Average Trading Volume: 284,505
Technical Sentiment Signal: Buy
Current Market Cap: £13.69B
Learn more about NXT stock on TipRanks’ Stock Analysis page.