Next 15 Group (LON:NFG) Hits New 52-Week High – Time to Buy?

Next 15 Group plc (LON:NFG) shares reached a new 52-week high on Thursday. The stock traded as high as GBX 374 and last traded at GBX 346.50, with a volume of 4,491,476 shares traded. The stock had previously closed at GBX 358.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NFG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 473 price target on shares of Next 15 Group in a research report on Friday, October 9th. Peel Hunt restated a “buy” rating and issued a GBX 465 price objective on shares of Next 15 Group in a research report on Thursday, October 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 510 price objective on shares of Next 15 Group in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 482.67.

Next 15 Group Stock Performance

The stock has a fifty day simple moving average of GBX 318.65 and a 200-day simple moving average of GBX 289.17. The stock has a market cap of £354.57 million, a P/E ratio of -11.55 and a beta of 1.33.

Next 15 Group (LON:NFG) last posted its quarterly earnings data on Thursday, October 8th. The company reported GBX 22 earnings per share for the quarter. Next 15 Group had a negative return on equity of 25.66% and a negative net margin of 5.44%. On average, research analysts anticipate that Next 15 Group plc will post 60.48 earnings per share for the current year.

About Next 15 Group

Next 15 is redefining the landscape of growth consultancy with The Next Network, a decentralised collective of specialist consultancies, agencies, product builders, and venture creators. Our network is built for agility, powered by data, technology, and artificial intelligence, and is driven by the profound expertise of top-tier professionals. With a focus on innovation and a commitment to sustainability, we help clients navigate the complexities of modern markets.

The company’s approach is underpinned by four pillars of excellence: Customer Insight, Customer Engagement, Customer Delivery, and Business Transformation.