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

Berenberg Bank reiterated their buy rating on shares of Next 15 Group (LON:NFG) in a report released on Thursday, MarketBeat reports. Berenberg Bank currently has a GBX 1,450 ($18.39) price objective on the stock.

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

Next 15 Group Stock Down 1.0 %

LON:NFG opened at GBX 798 ($10.12) on Thursday. The stock’s 50-day simple moving average is GBX 940.74 and its 200 day simple moving average is GBX 904.04. The firm has a market capitalization of £797.12 million, a PE ratio of 1,596.00 and a beta of 1.42. Next 15 Group has a twelve month low of GBX 542 ($6.88) and a twelve month 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. Stockholders of record on Thursday, July 4th will be issued a dividend of GBX 10.60 ($0.13) per share. This is an increase from Next 15 Group’s previous dividend of $4.75. The ex-dividend date is Thursday, July 4th. This represents a dividend yield of 1.12%. Next 15 Group’s payout ratio is currently 3,000.00%.

Insider Activity

In related news, insider Tim Dyson purchased 76,944 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average price of GBX 954 ($12.10) per share, for a total transaction of £734,045.76 ($931,175.64). Corporate insiders own 7.74% of the company’s stock.

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.