Ninety One Group (LON:N91) Reaches New 12-Month High Following Analyst Upgrade

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 traded. The stock had previously closed at GBX 213.80 ($2.87).

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

Ninety One Group Stock Performance

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

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.