Next 15 Group’s (NFG) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Next 15 Group (LON:NFG) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 1,450 ($18.39) target price on the stock.

Separately, Shore Capital restated a buy rating on shares of Next 15 Group in a research note on Thursday.

Next 15 Group Stock Performance

Shares of LON NFG opened at GBX 812.96 ($10.31) on Thursday. The company has a market capitalization of £812.07 million, a PE ratio of 1,725.45 and a beta of 1.42. The company’s fifty day moving average price is GBX 944.72 and its 200 day moving average price is GBX 902.67. Next 15 Group has a 1 year low of GBX 542 ($6.88) and a 1 year high of GBX 1,052 ($13.35).

Next 15 Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 4th will be issued a GBX 10.60 ($0.13) dividend. This represents a yield of 1.12%. This is a boost from Next 15 Group’s previous dividend of $4.75. The ex-dividend date of this dividend is Thursday, July 4th. Next 15 Group’s payout ratio is presently 3,000.00%.

Insiders Place Their Bets

In other news, insider Tim Dyson purchased 76,944 shares of the stock in a transaction dated Thursday, May 16th. The shares were purchased at an average cost of GBX 954 ($12.10) per share, with a total value of £734,045.76 ($931,175.64). 7.74% of the stock is owned by company insiders.

About Next 15 Group

Next 15 Group plc, together with its subsidiaries, provides communications services in the United Kingdom, Europe, Africa, the United States, and the Asia Pacific. It offers strategy and insight, online marketing, corporate and internal communications, media training, brand and message consultancy, market research, digital, marketing communications, and creative and content, as well as public, media, analyst, and investor relation services; and digital and technology products and services.