Ninety One Group (LON:N91) Sets New 52-Week High Following Analyst Upgrade

Key Points

• Ninety One Group's stock reached a new 52-week high of GBX 227.60 after JPMorgan raised its price target from GBX 190 to GBX 223, maintaining an overweight rating.
• Deutsche Bank also upgraded the stock's target from GBX 165 to GBX 190, providing a "hold" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• The company has a market capitalization of £1.93 billion and a price-to-earnings ratio of 13.02, indicating strong financial health as it operates as an independent global asset manager.

Ninety One Group (LON:N91 - Get Free Report)'s stock price hit a new 52-week high on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 190 to GBX 223. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ninety One Group traded as high as GBX 227.60 ($3.03) and last traded at GBX 224.40 ($2.99), with a volume of 19937 shares trading hands. The stock had previously closed at GBX 226 ($3.01).

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Ninety One Group from GBX 165 to GBX 190 and gave the company a "hold" rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 206.50.

Ninety One Group Trading Down 0.9%

The business's 50-day moving average price is GBX 201.17 and its two-hundred day moving average price is GBX 179.79. 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 market cap of £1.93 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66.

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.

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