The best replacement for canon sx260 is sx280.

The best alternatives to canon sx260 are rated as following:
★★★★★  sx280
★★★★  panasonic zs20
★★★  s100
★★  nikon s9300
★★  nikon s9500
★★  sony hx20v
★  sx240
★  canon s100
★  sony wx300
★  canon sx280
★  panasonic tz30
★  samsung wb250f
  nikon l820
  sx500
  lumix zs19
  panasonic zs19
  sx160
  canon sx500
  sony hx30v
  lumix zs20
  dmc zs20

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canon sx260
sx280
panasonic zs20