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

Key Points

• Ninety One Group shares hit a new 52-week high of GBX 210 ($2.83) and closed at GBX 203.20 ($2.74), with over 11.8 million shares traded.
• JPMorgan Chase & Co. raised its price target for the company from GBX 178 to GBX 190, maintaining a "neutral" rating.
• Insider Hendrik du Toit purchased 118,000 shares at an average cost of GBX 196, indicating confidence in the company's stock.

Ninety One Group (LON:N91 - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 210 ($2.84) and last traded at GBX 203.20 ($2.75), with a volume of 11845133 shares trading hands. The stock had previously closed at GBX 200.80 ($2.71).

Analyst Upgrades and Downgrades

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 research note on Friday, July 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of GBX 190.

Ninety One Group Stock Performance

The stock has a market capitalization of £1.73 billion, a P/E ratio of 1,169.77, a PEG ratio of 15.99 and a beta of 0.66. The company has a 50-day moving average price of GBX 192.12 and a two-hundred day moving average price of GBX 169.33. The company has a quick ratio of 0.07, a current ratio of 1.03 and a debt-to-equity ratio of 25.60.

Insider Buying and Selling at Ninety One Group

In related news, insider Hendrik du Toit purchased 118,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were acquired 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 company insiders.

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.