Next 15 Group (LON:NFG) Trading Down 1.9% – Here’s What Happened

Shares of Next 15 Group plc (LON:NFG) traded down 1.9% during trading on Thursday . The stock traded as low as GBX 435.50 ($5.70) and last traded at GBX 438.50 ($5.74). 668,234 shares traded hands during trading, an increase of 132% from the average session volume of 288,391 shares. The stock had previously closed at GBX 447 ($5.85).

Wall Street Analyst Weigh In

A number of research firms recently commented on NFG. Shore Capital reiterated a “buy” rating on shares of Next 15 Group in a research note on Thursday, September 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 885 ($11.58) target price on shares of Next 15 Group in a research report on Tuesday, September 17th.

Next 15 Group Price Performance

The stock’s fifty day simple moving average is GBX 655.99 and its two-hundred day simple moving average is GBX 818.40. The company has a market capitalization of £442.53 million, a price-to-earnings ratio of 756.03 and a beta of 1.50.

Next 15 Group Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Helen Hunter bought 3,235 shares of the stock in a transaction dated Tuesday, September 17th. The stock was bought at an average cost of GBX 460 ($6.02) per share, with a total value of £14,881 ($19,475.20). 7.61% 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.