Ninety One Group (LON:N91) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has raised its price target for Ninety One Group from GBX 190 to GBX 223, maintaining an "overweight" rating on the stock.
• Deutsche Bank has also increased its target price for the company from GBX 165 to GBX 190, assigning a "hold" rating in their latest research report.
• Ninety One Group's stock price increased by 4.0%, reaching GBX 226.20, with a market capitalization of £1.95 billion and a price-to-earnings ratio of 13.15.

Ninety One Group (LON:N91 - Get Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from GBX 190 to GBX 223 in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential downside of 1.41% from the stock's current price.

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

Ninety One Group Stock Up 4.0%

Ninety One Group stock traded up GBX 8.80 during mid-day trading on Thursday, reaching GBX 226.20. The company's stock had a trading volume of 548,534 shares, compared to its average volume of 1,103,434. The company has a market capitalization of £1.95 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66. Ninety One Group has a 12 month low of GBX 113.20 and a 12 month high of GBX 227.60. The business's 50 day simple moving average is GBX 200.55 and its 200 day simple moving average is GBX 179.04. The company has a debt-to-equity ratio of 25.60, a quick ratio of 0.07 and a current ratio of 1.03.

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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