Ninety One Group (LON:N91) Hits New 12-Month High - Should You Buy?

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 hit a new 52-week high during trading on Monday . The company 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price target on shares of Ninety One Group from GBX 178 to GBX 190 and gave the stock a "neutral" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of GBX 190.

Ninety One Group Trading Up 0.5%

The firm has a market cap of £1.73 billion, a price-to-earnings ratio of 1,169.77, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66. 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 firm's fifty day moving average is GBX 191.84 and its 200-day moving average is GBX 168.54.

Insiders Place Their Bets

In related news, insider Hendrik du Toit purchased 118,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was purchased at an average cost of GBX 196 per share, with a total value of £231,280. Company insiders own 0.84% of the company's stock.

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.