Next 15 Group (LON:NFG) Stock Price Up 2.4% – Still a Buy?

Next 15 Group plc (LON:NFG)’s share price traded up 2.4% on Wednesday . The stock traded as high as GBX 357 and last traded at GBX 357. 2,887,491 shares were traded during trading, an increase of 373% from the average session volume of 610,419 shares. The stock had previously closed at GBX 348.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NFG shares. Liberum Capital lifted their target price on shares of Next 15 Group from GBX 344 to GBX 479 and gave the company a “buy” rating in a research note on Friday, October 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 580 price objective on shares of Next 15 Group in a research report on Tuesday, September 30th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 435 price objective on shares of Next 15 Group in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Next 15 Group presently has a consensus rating of “Buy” and an average price target of GBX 498.

Next 15 Group Trading Up 0.4%

The stock has a market cap of £358.15 million, a price-to-earnings ratio of 23.02 and a beta of 1.50. The firm has a fifty day simple moving average of GBX 311.70 and a 200-day simple moving average of GBX 304.12.

Insider Buying and Selling at Next 15 Group

In related news, insider Mickey Kalifa purchased 31,250 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average price of GBX 320 per share, with a total value of £100,000. Also, insider Mark Astaire acquired 9,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of GBX 317 per share, with a total value of £30,115. Corporate insiders own 7.71% of the company’s stock.

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.