Ninety One Group (LON:N91) Trading 1.2% Higher – What’s Next?

Ninety One Group (LON:N91) traded up 1.2% on Friday . The company traded as high as GBX 167.90 ($2.18) and last traded at GBX 167.10 ($2.17). 490,107 shares were traded during trading, a decline of 12% from the average session volume of 554,193 shares. The stock had previously closed at GBX 165.20 ($2.14).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target on shares of Ninety One Group from GBX 179 ($2.32) to GBX 173 ($2.24) and set a “neutral” rating for the company in a report on Thursday, August 1st.

Ninety One Group Trading Up 1.2 %

The business has a 50 day simple moving average of GBX 171.16 and a 200-day simple moving average of GBX 169.83. The stock has a market capitalization of £1.01 billion, a price-to-earnings ratio of 928.33, a PEG ratio of 15.99 and a beta of 0.66. The company has a debt-to-equity ratio of 25.76, a current ratio of 1.03 and a quick ratio of 0.07.

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.