Ninety One Group (LON:N91) Reaches New 12-Month High - Time to Buy?

Ninety One Group (LON:N91 - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 199.30 ($2.61) and last traded at GBX 190.50 ($2.49), with a volume of 7227 shares trading hands. The stock had previously closed at GBX 190.30 ($2.49).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Ninety One Group from GBX 179 ($2.34) to GBX 173 ($2.26) and set a "neutral" rating on the stock in a report on Thursday, August 1st.

Ninety One Group Stock Performance

The business has a 50 day moving average price of GBX 167.76 and a two-hundred day moving average price of GBX 169.34. The company has a quick ratio of 0.07, a current ratio of 1.03 and a debt-to-equity ratio of 25.76. The stock has a market cap of £1.16 billion, a P/E ratio of 1,048.89, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66.

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.