Next 15 Group (LON:NFG) Shares Down 13.4% After Analyst Downgrade

Next 15 Group plc (LON:NFG) shares were down 13.4% during mid-day trading on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 790 to GBX 660. Berenberg Bank currently has a buy rating on the stock. Next 15 Group traded as low as GBX 219.50 ($2.91) and last traded at GBX 226.50 ($3.00). Approximately 386,120 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 653,985 shares. The stock had previously closed at GBX 261.50 ($3.46).

Next 15 Group Stock Down 2.5 %

The firm has a market capitalization of £235.15 million, a P/E ratio of 3.83 and a beta of 1.50. The company’s 50 day moving average is GBX 291.27 and its 200-day moving average is GBX 361.22.

Next 15 Group (LON:NFG) last released its quarterly earnings data on Tuesday, April 15th. The company reported GBX 71.90 ($0.95) earnings per share (EPS) for the quarter. Next 15 Group had a net margin of 8.28% and a return on equity of 37.44%. On average, analysts predict that Next 15 Group plc will post 60.4827586 EPS for the current fiscal 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.