Ninety One Group (LON:N91) Reaches New 12-Month High – Still a Buy?

Ninety One Group (LON:N91)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 214.20 ($2.89) and last traded at GBX 206.60 ($2.79), with a volume of 20430 shares trading hands. The stock had previously closed at GBX 205.80 ($2.77).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target on shares of Ninety One Group from GBX 178 to GBX 190 and gave the company a “neutral” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 190.

Ninety One Group Trading Up 0.9%

The company has a current ratio of 1.03, a quick ratio of 0.07 and a debt-to-equity ratio of 25.60. The company has a market cap of £1.79 billion, a PE ratio of 1,206.98, a P/E/G ratio of 15.99 and a beta of 0.66. The business’s 50-day simple moving average is GBX 194.09 and its 200-day simple moving average is GBX 172.96.

Insider Transactions at Ninety One Group

In related news, insider Hendrik du Toit bought 118,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The stock was bought at an average price of GBX 196 per share, for a total transaction of £231,280. 0.84% of the stock is currently owned by insiders.

Ninety One Group Company Profile

Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries.