Next Fifteen Communications Group PLC (LON:NFC) is expected to see a good year of growth, analysts at Peel Hunt said.
The broker upgraded its forecasts to reflect the recently increased stake in Blueshirt Capital Advisors, which went to 51% from 20%.
WATCH: Next Fifteen Communications Group focus on 'helping companies deliver exceptional value and growth'
While the deal increases revenues by 2% for financial years 2022 and 2023 to £310mln and £344mln respectively, earnings per share (EPS) remain largely unchanged at 47.3p for next year and 55.3p for 2023.
Profit before tax expectations were also raised by 2% to £60mln for 2022 and by 3% to £70mln for 2023.
Peel Hunt has a ‘hold’ recommendation on the stock with an 840p target price.
Shares were trading at 877.9p on Wednesday morning, having rocketed 144% since May 2020 and 61% since pre-pandemic levels.