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Ninety One Group (LON:N91) Sets New 1-Year High - Time to Buy?

Ninety One Group logo with Financial Services background

Key Points

  • Ninety One Group (LON:N91) reached a new 52-week high on Tuesday, trading at GBX 220 ($2.93) and closing at GBX 214.57 ($2.86) with a trading volume of 101,896 shares.
  • JPMorgan Chase & Co. raised their price target for Ninety One Group from GBX 178 to GBX 190 and currently, the stock holds an average “Hold” rating from analysts.
  • Insider Hendrik du Toit purchased 118,000 shares at an average price of GBX 196 per share, indicating confidence in the company's future performance.
  • Five stocks we like better than Ninety One Group.

Ninety One Group (LON:N91 - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 220 ($2.93) and last traded at GBX 214.57 ($2.86), with a volume of 101896 shares changing hands. The stock had previously closed at GBX 213.80 ($2.85).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased 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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 190.

Check Out Our Latest Analysis on N91

Ninety One Group Stock Up 1.5%

The stock has a fifty day moving average price of GBX 196.63 and a 200 day moving average price of GBX 175.62. 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 stock has a market capitalization of £1.87 billion, a P/E ratio of 1,261.63, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66.

Insider Activity at Ninety One Group

In related news, insider Hendrik du Toit purchased 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, with a total value of £231,280. 0.84% of the stock is owned by insiders.

About Ninety One Group

(Get Free Report)

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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