Ninety One Group (LON:N91) Sets New 1-Year High – Here’s Why

Ninety One Group (LON:N91) hit a new 52-week high on Friday . The company traded as high as GBX 243.20 and last traded at GBX 242.80, with a volume of 547532 shares changing hands. The stock had previously closed at GBX 228.60.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Ninety One Group from GBX 165 to GBX 190 and gave the stock a “hold” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lowered their price objective on shares of Ninety One Group from GBX 226 to GBX 222 and set a “neutral” rating for the company in a report on Friday, November 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 206.

Ninety One Group Trading Up 6.5%

The company has a debt-to-equity ratio of 25.60, a quick ratio of 0.07 and a current ratio of 1.03. The firm has a 50-day moving average of GBX 215.44 and a 200-day moving average of GBX 205.50. The firm has a market capitalization of £2.09 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66.

Ninety One Group (LON:N91) last released its quarterly earnings data on Monday, November 17th. The company reported GBX 8.40 earnings per share for the quarter. Ninety One Group had a return on equity of 42.90% and a net margin of 26.24%. On average, equities research analysts anticipate that Ninety One Group will post 15.1025641 EPS for the current fiscal year.

Insider Buying and Selling at Ninety One Group

In other news, insider Kim Mary McFarland bought 76,988 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was bought at an average cost of GBX 209 per share, for a total transaction of £160,904.92. Also, insider Hendrik du Toit bought 42,946 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of GBX 210 per share, for a total transaction of £90,186.60. Corporate insiders own 0.90% of the company’s stock.

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. It seeks to invest in South African companies struggling with the economic fallout from the spread of coronavirus. Ninety One Group was founded in 1991 and is headquartered in Cape Town, South Africa with additional offices in Africa.