JPMorgan Chase & Co. Cuts Ninety One Group (LON:N91) Price Target to GBX 222

Ninety One Group (LON:N91) had its target price decreased by research analysts at JPMorgan Chase & Co. from GBX 226 to GBX 222 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 2.78% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ninety One Group from GBX 165 to GBX 190 and gave the stock 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, the stock presently has an average rating of “Hold” and a consensus price target of GBX 206.

Ninety One Group Stock Down 0.8%

Shares of Ninety One Group stock traded down GBX 1.80 during trading on Friday, hitting GBX 216. 741,189 shares of the stock were exchanged, compared to its average volume of 1,055,676. The firm’s 50-day moving average price is GBX 215.57 and its 200 day moving average price is GBX 194.19. 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 stock has a market cap of £1.86 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66. Ninety One Group has a 12-month low of GBX 113.20 and a 12-month high of GBX 242.40.

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

Insider Transactions at Ninety One Group

In related news, insider Kim Mary McFarland purchased 76,988 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average cost of GBX 209 per share, with a total value of £160,904.92. Also, insider Hendrik du Toit bought 42,946 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of GBX 210 per share, for a total transaction of £90,186.60. Corporate insiders own 0.84% 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.