Ninety One Group (LON:N91) Shares Down 1.6% – What’s Next?

Shares of Ninety One Group (LON:N91) traded down 1.6% during trading on Wednesday . The stock traded as low as GBX 229.09 and last traded at GBX 231.40. 368,219 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,071,542 shares. The stock had previously closed at GBX 235.20.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on shares of Ninety One Group from GBX 226 to GBX 222 and set a “neutral” rating on the stock in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 206.

Ninety One Group Price Performance

The stock has a market cap of £2.09 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 15.99 and a beta of 0.82. The company has a quick ratio of 0.07, a current ratio of 1,371.96 and a debt-to-equity ratio of 39.25. The company’s 50-day moving average is GBX 239.68 and its 200-day moving average is GBX 220.39.

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.