Ninety One Group (LON:N91) Reaches New 52-Week Low – Should You Sell?

Shares of Ninety One Group (LON:N91) hit a new 52-week low on Friday . The stock traded as low as GBX 152 ($1.92) and last traded at GBX 161.40 ($2.04), with a volume of 285327 shares trading hands. The stock had previously closed at GBX 159.50 ($2.01).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on Ninety One Group from GBX 179 ($2.26) to GBX 173 ($2.18) and set a “neutral” rating on the stock in a report on Thursday, August 1st.

Ninety One Group Stock Performance

The company has a market capitalization of £974.23 million, a PE ratio of 889.44, a PEG ratio of 15.99 and a beta of 0.66. The business has a 50 day simple moving average of GBX 171.03 and a 200 day simple moving average of GBX 169.58. The company has a quick ratio of 0.07, a current ratio of 1.03 and a debt-to-equity ratio of 25.76.

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.