Ninety One ( (GB:N91) ) has shared an update.
Ninety One plc announced the repurchase of 222,383 of its ordinary shares, which were bought through Citigroup Global Markets Limited and will be canceled. This action is part of a previously announced share repurchase program, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Spark’s Take on GB:N91 Stock
According to Spark, TipRanks’ AI Analyst, GB:N91 is a Outperform.
Ninety One’s overall score reflects stable financial performance with strong cash flow and attractive valuation metrics. However, challenges such as declining revenues and high leverage weigh on the outlook. The recent earnings call highlighted strategic partnerships that offer potential upside, but market volatility and technical indicators suggest caution.
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, operating globally and offering a range of active investment strategies. It is listed on both the London and Johannesburg Stock Exchanges.
YTD Price Performance: 1.12%
Average Trading Volume: 349
Technical Sentiment Signal: Buy
Current Market Cap: $3.34B
Learn more about N91 stock on TipRanks’ Stock Analysis page.