Next 15 Group (LON:NFG) Reaches New 12-Month High at $990.00

Next 15 Group plc (LON:NFG)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 990 ($12.58) and last traded at GBX 979 ($12.44), with a volume of 23677 shares changing hands. The stock had previously closed at GBX 978 ($12.43).

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NFG shares. Shore Capital reissued a “buy” rating on shares of Next 15 Group in a research report on Tuesday, April 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,450 ($18.43) price objective on shares of Next 15 Group in a research report on Tuesday, April 16th.

Next 15 Group Trading Up 3.2 %

The firm has a 50-day moving average price of GBX 920.70 and a 200-day moving average price of GBX 865.67. The stock has a market capitalization of £1.03 billion, a PE ratio of 2,056.00 and a beta of 1.42.

Next 15 Group Increases Dividend

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

Insider Activity

In other news, insider Tim Dyson bought 76,944 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of GBX 954 ($12.13) per share, for a total transaction of £734,045.76 ($932,950.89). Corporate insiders own 7.71% of the company’s stock.

Next 15 Group Company Profile

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.