Next trims share count with 87,000-share buyback

An announcement from Next plc ( (GB:NXT) ) is now available.

Next plc has bought back 87,000 of its 10p ordinary shares on the open market for cancellation, at a volume-weighted average price of 13,181.1786p, leaving 120,678,700 shares in issue. The transaction, executed via UBS across several trading venues, marginally reduces the company’s share capital and may affect major investors’ disclosure thresholds under UK transparency rules, while confirming that no shares are held in treasury and all carry equal voting rights.

The most recent analyst rating on (GB:NXT) stock is a Hold with a £137.00 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 NXT Stock

According to Spark, TipRanks’ AI Analyst, NXT is a Outperform.

The score is driven mainly by strong financial performance (solid margins, robust growth, improving leverage, and strong cash generation). This is partially offset by weak near-term technical signals (below key moving averages with negative MACD), while valuation is supportive due to a reasonable P/E and a high dividend yield.

To see Spark’s full report on NXT stock, click here.

More about Next plc

Next plc is a UK-based retailer specialising in clothing, footwear, accessories and homeware, operating through both high street stores and a substantial online platform. The group is a constituent of the London market’s large-cap retail sector and is widely followed as a bellwether for British consumer spending.

Average Trading Volume: 587,541

Technical Sentiment Signal: Strong Buy

Current Market Cap: £15.19B

For detailed information about NXT stock, go to TipRanks’ Stock Analysis page.