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Ninety One ( (GB:N91) ) just unveiled an announcement.
Ninety One plc announced the repurchase of 170,000 of its ordinary shares as part of its share repurchase program. This move is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value, reflecting the company’s ongoing commitment to its financial strategy.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Spark’s Take on GB:N91 Stock
According to Spark, TipRanks’ AI Analyst, GB:N91 is a Neutral.
Ninety One’s stock is buoyed by strong cash flow and an attractive valuation, despite challenges like declining revenue and high leverage. The strategic partnership with Sanlam and share repurchases offer growth potential. However, technical indicators suggest caution, and market volatility remains a risk.
To see Spark’s full report on GB:N91 stock, click here.
More about Ninety One
Ninety One is an independent investment manager founded in South Africa in 1991. It operates and invests globally, offering a range of active strategies to its global client base. The company is listed on the London and Johannesburg Stock Exchanges.
Average Trading Volume: 820,746
Technical Sentiment Signal: Buy
Current Market Cap: £2.78B
For a thorough assessment of N91 stock, go to TipRanks’ Stock Analysis page.