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

Next 15 Group plc (LON:NFG - Get Free Report)'s share price traded down 13.4% during 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 ($2.92) and last traded at GBX 226.50 ($3.01). 386,120 shares traded hands during trading, a decline of 41% from the average session volume of 653,985 shares. The stock had previously closed at GBX 261.50 ($3.48).

Next 15 Group Stock Performance

The stock has a market capitalization of £235.16 million, a price-to-earnings ratio of 3.83 and a beta of 1.50. The firm's 50 day moving average is GBX 287.47 and its 200-day moving average is GBX 357.99.

Next 15 Group (LON:NFG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported GBX 71.90 ($0.96) EPS for the quarter. Next 15 Group had a return on equity of 37.44% and a net margin of 8.28%. As a group, sell-side analysts forecast that Next 15 Group plc will post 60.4827586 earnings per share 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.