Ninety One Group (LON:N91) Trading Up 0.6% – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on N91. Deutsche Bank Aktiengesellschaft raised their target price on Ninety One Group from GBX 165 to GBX 190 and gave the company a “hold” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lowered their price objective on Ninety One Group from GBX 226 to GBX 222 and set a “neutral” rating for the company in a research report on Friday, November 28th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 206.

Ninety One Group Price Performance

The company has a quick ratio of 0.07, a current ratio of 1.03 and a debt-to-equity ratio of 25.60. The firm’s fifty day moving average price is GBX 217.59 and its two-hundred day moving average price is GBX 200.25. The stock has a market capitalization of £1.84 billion, a PE ratio of 11.66, a PEG ratio of 15.99 and a beta of 0.66.

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

Insider Transactions at Ninety One Group

In other news, insider Kim Mary McFarland bought 76,988 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were bought at an average price of GBX 209 per share, for a total transaction of £160,904.92. Also, insider Hendrik du Toit purchased 42,946 shares of the stock in a transaction on Thursday, November 20th. The shares were purchased 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.

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.