Ninety One Group (LON:N91) Hits New 52-Week High on Analyst Upgrade

Shares of Ninety One Group (LON:N91) hit a new 52-week high on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 165 to GBX 190. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Ninety One Group traded as high as GBX 220 ($2.95) and last traded at GBX 214.57 ($2.88), with a volume of 101896 shares trading hands. The stock had previously closed at GBX 213.80 ($2.87).

Separately, JPMorgan Chase & Co. lifted their price target on Ninety One Group from GBX 178 to GBX 190 and gave the company a “neutral” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 190.

Ninety One Group Trading Down 0.7%

The company has a market capitalization of £1.89 billion, a price-to-earnings ratio of 1,280.23, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66. 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 business has a fifty day moving average price of GBX 197.86 and a 200 day moving average price of GBX 176.24.

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.