Berenberg Bank Has Lowered Expectations for Next 15 Group (LON:NFG) Stock Price

Next 15 Group (LON:NFG) had its price objective dropped by investment analysts at Berenberg Bank from GBX 510 to GBX 475 in a note issued to investors on Friday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s price target would suggest a potential upside of 41.37% from the stock’s previous close.

NFG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 473 target price on shares of Next 15 Group in a report on Friday, October 9th. Peel Hunt restated a “buy” rating and set a GBX 465 target price 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 data from MarketBeat, Next 15 Group has an average rating of “Buy” and a consensus target price of GBX 471.

Next 15 Group Stock Performance

Next 15 Group stock opened at GBX 336 on Friday. Next 15 Group has a 1 year low of GBX 217 and a 1 year high of GBX 374. The firm’s 50-day moving average is GBX 319.38 and its 200-day moving average is GBX 289.14. The company has a market cap of £343.82 million, a P/E ratio of -11.20 and a beta of 1.33.

Next 15 Group (LON:NFG) last posted its earnings results on Thursday, October 8th. The company reported GBX 22 EPS for the quarter. Next 15 Group had a negative net margin of 5.44% and a negative return on equity of 25.66%. As a group, sell-side analysts predict that Next 15 Group 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.