Next 15 Group (LON:NFG) Trading 0.6% Higher - Here's Why

Key Points

• Next 15 Group's stock price rose by 0.6% to GBX 272.50 ($3.69), despite experiencing a 72% decline in trading volume compared to the average.
• Berenberg Bank has reaffirmed a "buy" rating for Next 15 Group, with a target price of GBX 580, indicating positive analyst sentiment.
• The company has a market capitalization of £275.02 million and a high price-to-earnings ratio of 719.00, reflecting its growth consultancy focus.

Next 15 Group plc (LON:NFG - Get Free Report)'s share price rose 0.6% during trading on Thursday . The company traded as high as GBX 273 ($3.68) and last traded at GBX 272.50 ($3.67). Approximately 140,714 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 498,504 shares. The stock had previously closed at GBX 271 ($3.65).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 580 price objective on shares of Next 15 Group in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 580.

Next 15 Group Stock Performance

The business's fifty day moving average is GBX 272.13 and its two-hundred day moving average is GBX 273.33. The company has a market cap of £271.49 million, a P/E ratio of 709.76 and a beta of 1.50.

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.