Ninety One Group (LON:N91) Sets New 52-Week High – Still a Buy?

Ninety One Group (LON:N91) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 243.20 and last traded at GBX 242.80, with a volume of 547532 shares. The stock had previously closed at GBX 228.60.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on N91 shares. JPMorgan Chase & Co. decreased their price target on 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 boosted their price objective 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 research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 206.

Ninety One Group Trading Up 6.5%

The company has a debt-to-equity ratio of 25.60, a quick ratio of 0.07 and a current ratio of 1.03. The stock has a market cap of £2.09 billion, a P/E ratio of 13.30, a P/E/G ratio of 15.99 and a beta of 0.66. The stock has a 50-day moving average price of GBX 215.44 and a 200-day moving average price of GBX 205.50.

Ninety One Group (LON:N91) last announced 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%. On average, equities research analysts expect that Ninety One Group will post 15.1025641 EPS for the current year.

Insider Buying and Selling at Ninety One Group

In other news, insider Kim Mary McFarland bought 76,988 shares of Ninety One Group stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of GBX 209 per share, with a total value 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 price of GBX 210 per share, for a total transaction of £90,186.60. Company insiders own 0.90% of the company’s stock.

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.