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

Key Points

• Deutsche Bank Aktiengesellschaft has raised its target price for Ninety One Group from GBX 165 to GBX 190, maintaining a "hold" rating, which suggests a potential downside of 14.26% from the stock's previous close.
• JPMorgan Chase & Co. has also increased its target price for Ninety One Group to GBX 190 and assigned a "neutral" rating, confirming the stock's average rating remains at "Hold" with a target price of GBX 190.
• Ninety One Group's shares traded up by GBX 1.81, reaching GBX 221.61, with a significant market capitalization of £1.91 billion and a P/E ratio of 1,288.44, indicating a high valuation compared to earnings.

Ninety One Group (LON:N91 - Get Free Report) had its target price lifted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 165 to GBX 190 in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential downside of 14.26% from the company's previous close.

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

Ninety One Group Stock Performance

Shares of LON N91 traded up GBX 1.81 during trading on Tuesday, reaching GBX 221.61. 3,446,410 shares of the company traded hands, compared to its average volume of 1,115,390. The firm's fifty day simple moving average is GBX 197.24 and its 200 day simple moving average is GBX 175.93. The stock has a market cap of £1.91 billion, a P/E ratio of 1,288.44, a PEG ratio of 15.99 and a beta of 0.66. Ninety One Group has a 12-month low of GBX 113.20 and a 12-month high of GBX 223.20. The company has a current ratio of 1.03, a quick ratio of 0.07 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.

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