Ninety One Group (LON:N91) Stock Price Up 2% – Time to Buy?

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

Analyst Ratings Changes

N91 has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of 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. Deutsche Bank Aktiengesellschaft boosted their price target on Ninety One Group from GBX 165 to GBX 190 and gave the company a “hold” rating in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 206.

Ninety One Group Trading Up 2.0%

The stock 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 company has a debt-to-equity ratio of 25.60, a current ratio of 1.03 and a quick ratio of 0.07. The business’s fifty day simple moving average is GBX 215.56 and its 200 day simple moving average is GBX 204.33.

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

Insider Buying and Selling

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