Ninety One Group (LON:N91) Reaches New 12-Month High - Still a Buy?

Key Points

• Ninety One Group's shares reached a new 52-week high, trading at GBX 214.20 ($2.88), before closing at GBX 206.60 ($2.78) with a trading volume of 20,430 shares.
• JPMorgan Chase & Co. raised their price target for Ninety One Group from GBX 178 to GBX 190 and assigned a "neutral" rating to the stock, which currently holds a consensus rating of "Hold."
• Insider Hendrik du Toit bought 118,000 shares at an average price of GBX 196 per share, indicating confidence in the company's outlook despite its ongoing low insider ownership of only 0.84%.

Shares of Ninety One Group (LON:N91 - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as GBX 214.20 ($2.88) and last traded at GBX 206.60 ($2.78), with a volume of 20430 shares changing hands. The stock had previously closed at GBX 205.80 ($2.77).

Analyst Upgrades and Downgrades

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

Ninety One Group Stock Performance

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 has a fifty day simple moving average of GBX 193.81 and a 200 day simple moving average of GBX 172.42. The company has a market capitalization of £1.79 billion, a price-to-earnings ratio of 1,209.56, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66.

Insider Activity

In other news, insider Hendrik du Toit purchased 118,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were purchased at an average cost of GBX 196 per share, with a total value of £231,280. 0.84% of the stock is owned by corporate 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.

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