Next 15 Group (LON:NFG) Trading 15.4% Higher - Here's What Happened

Shares of Next 15 Group plc (LON:NFG - Get Free Report) traded up 15.4% during mid-day trading on Friday . The company traded as high as GBX 243.50 ($3.34) and last traded at GBX 240 ($3.29). 1,980,253 shares were traded during mid-day trading, an increase of 238% from the average session volume of 586,067 shares. The stock had previously closed at GBX 208 ($2.85).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price on Next 15 Group from GBX 660 ($9.06) to GBX 580 ($7.96) and set a "buy" rating for the company in a research note on Thursday.

Next 15 Group Trading Up 15.4%

The company has a market capitalization of £242.22 million, a P/E ratio of 3.94 and a beta of 1.50. The company's 50 day moving average is GBX 277.11 and its 200-day moving average is GBX 309.96.

Next 15 Group (LON:NFG - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported GBX 71.90 ($0.99) earnings per share for the quarter. Next 15 Group had a net margin of 8.28% and a return on equity of 37.44%. Analysts predict that Next 15 Group plc will post 60.4827586 EPS for the current fiscal 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.

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