JPMorgan Chase & Co. Issues Pessimistic Forecast for Ninety One Group (LON:N91) Stock Price

Ninety One Group (LON:N91) had its price target dropped by analysts at JPMorgan Chase & Co. from GBX 226 to GBX 222 in a note issued to investors on Friday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.78% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Ninety One Group from GBX 165 to GBX 190 and gave the stock a “hold” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 206.

Ninety One Group Trading Down 0.8%

LON N91 opened at GBX 216 on Friday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 25.60, a current ratio of 1.03 and a quick ratio of 0.07. Ninety One Group has a 12 month low of GBX 113.20 and a 12 month high of GBX 242.40. The company’s fifty day moving average price is GBX 215.88 and its two-hundred day moving average price is GBX 194.84.

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

Insider Buying and Selling

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

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.