Next 15 Group (LON:NFG) Trading Down 2.1% – Here’s Why

Next 15 Group plc (LON:NFG)’s stock price dropped 2.1% during trading on Friday . The company traded as low as GBX 394 ($5.11) and last traded at GBX 394 ($5.11). Approximately 228,581 shares were traded during trading, a decline of 25% from the average daily volume of 306,730 shares. The stock had previously closed at GBX 402.50 ($5.22).

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFG. Shore Capital reissued a “buy” rating on shares of Next 15 Group in a research report on Thursday, September 19th. Berenberg Bank restated a “buy” rating and issued a GBX 885 ($11.48) price target on shares of Next 15 Group in a research report on Tuesday, September 17th.

Next 15 Group Price Performance

The company has a fifty day moving average price of GBX 511 and a 200 day moving average price of GBX 760.45. The company has a market capitalization of £397.62 million, a P/E ratio of 679.31 and a beta of 1.50.

Next 15 Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 17th will be given a GBX 4.75 ($0.06) dividend. This represents a yield of 0.98%. The ex-dividend date is Thursday, October 17th. Next 15 Group’s dividend payout ratio is presently 2,586.21%.

Insider Buying and Selling at Next 15 Group

In other news, insider Helen Hunter bought 3,235 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was purchased at an average price of GBX 460 ($5.97) per share, for a total transaction of £14,881 ($19,298.40). 7.61% of the stock is currently 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.