Ninety One Group (LON:N91) Trading 2% Higher – What’s Next?

Ninety One Group (LON:N91) shares rose 2% during mid-day trading on Friday . The stock traded as high as GBX 223.80 and last traded at GBX 223.80. Approximately 511,146 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 421,218 shares. The stock had previously closed at GBX 219.40.

Analyst Upgrades and Downgrades

N91 has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Ninety One Group from GBX 226 to GBX 222 and set a “neutral” rating on the stock in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ninety One Group from GBX 165 to GBX 190 and gave the company a “hold” rating in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 206.

Ninety One Group Trading Up 2.0%

The firm has a market cap of £1.92 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 15.99 and a beta of 0.66. The firm’s 50-day moving average is GBX 215.56 and its 200-day moving average is GBX 204.50. The company has a current ratio of 1.03, a quick ratio of 0.07 and a debt-to-equity ratio of 25.60.

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 net margin of 26.24% and a return on equity of 42.90%. As a group, sell-side analysts anticipate that Ninety One Group will post 15.1025641 EPS for the current fiscal year.

Insider Activity

In related news, insider Hendrik du Toit acquired 42,946 shares of the stock in a transaction dated Thursday, November 20th. The stock was purchased at an average cost of GBX 210 per share, with a total value of £90,186.60. Also, 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 price of GBX 209 per share, for a total transaction of £160,904.92. 0.90% of the stock is currently owned by company insiders.

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.