Next 15 Group (LON:NFG) Earns Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Next 15 Group (LON:NFG) in a report issued on Thursday morning, MarketBeat Ratings reports. The firm currently has a GBX 1,450 ($18.39) target price on the stock.

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

Next 15 Group Stock Down 1.0 %

NFG opened at GBX 798 ($10.12) on Thursday. The business has a fifty day moving average of GBX 940.74 and a 200 day moving average of GBX 903.12. The stock has a market cap of £797.12 million, a P/E ratio of 1,596.00 and a beta of 1.42. Next 15 Group has a 52-week low of GBX 542 ($6.88) and a 52-week 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 paid a GBX 10.60 ($0.13) dividend. The ex-dividend date is Thursday, July 4th. This represents a yield of 1.12%. This is a boost from Next 15 Group’s previous dividend of $4.75. Next 15 Group’s dividend payout ratio is 3,000.00%.

Insider Buying and Selling at Next 15 Group

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