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Next plc ( (GB:NXT) ) has shared an update.
Next plc, a prominent retailer, has executed a share buyback by purchasing 57,000 of its ordinary shares at a price of 11,781.4309 pence each, for cancellation. This strategic move, facilitated by UBS AG London Branch, results in a reduced share capital of 122,436,612 shares, potentially impacting shareholder interests and market perception.
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: 293,474
Technical Sentiment Signal: Buy
Current Market Cap: £13.97B
Find detailed analytics on NXT stock on TipRanks’ Stock Analysis page.