Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Ninety One Group (LON:N91) Stock

Ninety One Group (LON:N91) had its price objective upped by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 165 to GBX 190 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 14.26% from the company’s previous close.

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

Ninety One Group Price Performance

Shares of LON:N91 opened at GBX 221.61 on Tuesday. The business has a 50 day moving average price of GBX 197.86 and a 200 day moving average price of GBX 176.24. Ninety One Group has a twelve month low of GBX 113.20 and a twelve month high of GBX 223.20. The company has a market cap of £1.91 billion, a price-to-earnings ratio of 1,288.44, a PEG ratio of 15.99 and a beta of 0.66. The company has a quick ratio of 0.07, a current ratio of 1.03 and a debt-to-equity ratio of 25.60.

About Ninety One Group

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.