Ninety One Group (LON:N91) Trading 0.6% Higher – Still a Buy?

Ninety One Group (LON:N91)’s stock price traded up 0.6% on Friday . The company traded as high as GBX 221.60 and last traded at GBX 213.40. 611,458 shares changed hands during trading, a decline of 43% from the average session volume of 1,069,853 shares. The stock had previously closed at GBX 212.20.

Analyst Ratings Changes

A number of research firms have recently issued reports on N91. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ninety One Group from GBX 165 to GBX 190 and gave the company a “hold” rating in a report on Tuesday, October 14th. 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 research note on Friday, November 28th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Ninety One Group currently has an average rating of “Hold” and a consensus target price of GBX 206.

Ninety One Group Trading Up 0.6%

The company has a market cap of £1.84 billion, a P/E ratio of 11.66, a PEG ratio of 15.99 and a beta of 0.66. The company has a current ratio of 1.03, a quick ratio of 0.07 and a debt-to-equity ratio of 25.60. The business has a 50 day moving average price of GBX 217.59 and a 200-day moving average price of GBX 199.99.

Ninety One Group (LON:N91) last released its earnings results 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%. Analysts forecast that Ninety One Group will post 15.1025641 earnings per share for the current fiscal year.

Insider Activity

In other Ninety One Group news, insider Hendrik du Toit purchased 42,946 shares of Ninety One Group stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of GBX 210 per share, for a total transaction of £90,186.60. Also, insider Kim Mary McFarland purchased 76,988 shares of the stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of GBX 209 per share, for a total transaction of £160,904.92. 0.90% of the stock is owned by insiders.

Ninety One Group Company Profile

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.