Canaccord Genuity Group Issues Pessimistic Forecast for Next 15 Group (LON:NFG) Stock Price

Next 15 Group (LON:NFG) had its price target lowered by research analysts at Canaccord Genuity Group from GBX 455 to GBX 430 in a report released on Monday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price indicates a potential upside of 27.98% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 465 target price on shares of Next 15 Group in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 473 price target on shares of Next 15 Group in a research report on Friday. Finally, Berenberg Bank dropped their price target on shares of Next 15 Group from GBX 510 to GBX 475 and set a “buy” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 460.75.

Next 15 Group Stock Up 0.9%

Next 15 Group stock opened at GBX 336 on Monday. The business’s 50-day simple moving average is GBX 319.90 and its 200 day simple moving average is GBX 289.09. The stock has a market cap of £343.82 million, a price-to-earnings ratio of -10.50 and a beta of 1.33. Next 15 Group has a 12-month low of GBX 217 and a 12-month high of GBX 374.

Next 15 Group (LON:NFG) last announced its quarterly earnings data on Thursday, October 8th. The company reported GBX 22 EPS for the quarter. Next 15 Group had a negative return on equity of 25.66% and a negative net margin of 5.44%. As a group, sell-side analysts expect that Next 15 Group will post 60.48 EPS for the current year.

Next 15 Group Company Profile

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.