Ninety One Group (LON:N91) Hits New 12-Month High - Here's What Happened

Key Points

• Ninety One Group's stock reached a new 52-week high on Monday, trading as high as GBX 205.80 ($2.79) before last trading at GBX 196.20 ($2.66).
• JPMorgan Chase & Co. raised their price target for Ninety One Group from GBX 178 to GBX 190, maintaining a "neutral" rating.
• Insider Hendrik du Toit purchased 118,000 shares at an average price of GBX 196, indicating insider confidence in the company.

Ninety One Group (LON:N91 - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 205.80 ($2.79) and last traded at GBX 196.20 ($2.66), with a volume of 522318 shares. The stock had previously closed at GBX 194.80 ($2.64).

Wall Street Analyst Weigh In

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

Ninety One Group Trading Up 0.8%

The company has a debt-to-equity ratio of 25.60, a current ratio of 1.03 and a quick ratio of 0.07. The company has a market capitalization of £1.69 billion, a price-to-earnings ratio of 1,141.86, a P/E/G ratio of 15.99 and a beta of 0.66. The business's 50-day moving average price is GBX 191.09 and its two-hundred day moving average price is GBX 167.36.

Insider Buying and Selling at Ninety One Group

In related news, insider Hendrik du Toit bought 118,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was purchased at an average cost of GBX 196 per share, for a total transaction of £231,280. Insiders own 0.84% of the company's stock.

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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