Canaccord Genuity Group Issues Pessimistic Forecast for Next 15 Group (LON:NFG) Stock Price

Next 15 Group (LON:NFG) had its price objective dropped by Canaccord Genuity Group from GBX 455 to GBX 430 in a research report issued on Monday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price would indicate a potential upside of 27.98% from the stock’s previous close.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 473 target price on shares of Next 15 Group in a research note on Friday. Peel Hunt reiterated a “buy” rating and set a GBX 465 price target on shares of Next 15 Group in a research report on Thursday, October 8th. Finally, Berenberg Bank decreased their price objective on shares of Next 15 Group from GBX 510 to GBX 475 and set a “buy” rating on the stock in a report on Friday. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 460.75.

Next 15 Group Price Performance

Shares of NFG opened at GBX 336 on Monday. The company has a market capitalization of £343.82 million, a P/E ratio of -10.50 and a beta of 1.33. Next 15 Group has a one year low of GBX 217 and a one year high of GBX 374. The business’s 50 day simple moving average is GBX 319.90 and its 200-day simple moving average is GBX 289.09.

Next 15 Group (LON:NFG) last released its quarterly earnings results on Thursday, October 8th. The company reported GBX 22 earnings per share for the quarter. Next 15 Group had a negative return on equity of 25.66% and a negative net margin of 5.44%. On average, sell-side analysts anticipate that Next 15 Group will post 60.48 EPS for the current fiscal year.

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.