StockMarketWire.com - Westhouse Securities reckons yesterday’s interim management statement from Next Fifteen Communications Group [LON:NFC] revealed a continuation of the strong underlying trading momentum reported earlier in the year.

The broker appeared to be particularly reassured by the steps taken to rationalise its Asian and European operations and that the company has reiterated its expectations for the twelve months to the end of July, despite currency headwinds.

“We believe NFC is well placed to capture the benefits of strengthening digital media spend (an area in which it has invested consistently for a number of years) by harnessing its impressive blue chip client base, US / tech sector exposure and robust financials,†analyst Roddy Davidson said.

The broker added that it sees scope for further share price outperformance and has upped its target price to 132 pence a share (previously 127 pence) and reiterated its ‘add’ stock rating.

Separately, Canaccord Genuity repeated its ‘buy’ recommendation (target price increased to 145 pence a share from 130 pence) in a note to investors, yesterday.

At 9:21am: [LON:NFC] Next Fifteen Communications Group PLC share price was 0p at 116p



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